§ Mr. BercowTo ask the Chancellor of the Exchequer if he will estimate the annual receipts derived from payment of income tax, capital gains tax, national insurance and VAT paid by the top(a) one per cent., (b) five per cent. And (c) 10 per cent. of earners and the bottom (i) one per cent., (ii) five per cent. and (iii) 10 per cent. of earners. [26239]
§ Mr. Andrew SmithThe available information is given in the table. The bottom 1 per cent., 5 per cent., and 10 per cent. of earners do not pay income tax on their earnings. The bottom decile of earners could be liable to capital gains tax and income tax (if they have significant investment income); however, it is not possible to provide reliable estimates. It is also not possible to estimate amounts of VAT paid by individuals in different parts of the earnings distribution.
Tax and national insurance contributions by percentiles of the earnings distribution in 2001–02
£ billion Income tax Capital gains tax
National insurance contributions Top 1 per cent. 20.7 1.0 0.6 Top 5 per cent. 38.2 1.4 3.1 Top 10 per cent. 48.2 1.6 6.3