§ Mr. PearsonTo ask the Chancellor of the Exchequer if he will provide a breakdown of the average amoun of tax credits reclaimed on dividends in 1995–96 and 1996–97 by each decile for(a) non-taxpayers aged over 65 years and (b) all non-tax paying individuals. [67471]
§ Dawn Primarolo[holding answer 25 January 1999]: Latest available estimates for 1995–96 and 1996–97, derived from the Survey of Personal Incomes, are given in the table.
686W
£ Decile Amount of dividend tax credit claimed Non taxpayers aged 65 or over—1995–96 Lowest 2 2nd 5 3rd 10 4th 15 5th 25 6th 45 7th 65 8th 95 9th 145 Highest 290 Non taxpayers aged 65 or over—1996–97 Lowest 3 2nd 7 3rd 15 4th 20 5th 35 6th 55 7th 80 8th 130 9th 220 Highest 480 All non-taxpayers—1995–96 Lowest 2 2nd 5 3rd 10 4th 15 5th 25 6th 45 7th 65 8th 95 9th 145 Highest 320 All non-taxpayers—1996–97 Lowest 3 2nd 7 3rd 15 4th 20 5th 35 6th 55 7th 80 8th 125 9th 210 Highest 480
§ Mr. PearsonTo ask the Chancellor of the Exchequer (1) if he will provide a breakdown of the number of(a) non-taxpayers aged over 65 years and (b) all non-taxpaying persons reclaiming tax credits on dividends in 1996–97 in the categories (i) under £20, (ii) £21 to £50, (iii) £51 to £100, (iv) £101 to £200 and (v) over £200 reclaimed; [67636]
(2) what estimate he has made of the average value of shares held by (a) non-taxpayers aged over 65 years and (b) all non-taxpaying individuals reclaiming tax credits in 1995–96 and 1996–97 in the categories (i) under £20, (ii) £21 to £50, (iii) £51 to £100, (iv) £100 to £200 and (v) over £200 reclaimed. [67473]
§ Dawn Primarolo[holding answer 25 January 1999]: Estimates of the numbers of people claiming payments of dividend tax credits, derived from the 1996–97 Survey of Personal Incomes, are given in the table, but share holdings or values are not known, so it is not possible to estimate the average value of shares held by these people.
1996–97 Amount of dividends tax credit claimed (£) Number of non-taxpayers aged 65 and over with claims (Thousand) Number of non-taxpayers with claims (Thousand) under 20 105 225 21–50 65 130 51–100 55 110 101–200 50 95 201 and over 60 105 Total 335 660
§ Mr. PearsonTo ask the Chancellor of the Exchequer what is the(a) average and (b) medium amount in sterling of tax credits on dividends reclaimed in 1995–96 and 1996–97. [67472]
§ Dawn Primarolo[holding answer 25 January 1999]: Latest available estimates for 1995–96 and 1996–97 are given in the table.
£ Year Average amount of divided tax credit claimed Median amount of divided tax credit claimed 1995–96 75 35 1996–97 105 40