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Written question asked by Robin Squire (Conservative), in the House of Commons. It was due for an answer on Friday, 1 February 1991. It was answered by Lord Maude of Horsham (Conservative) on Friday, 1 February 1991 on behalf of the Treasury.


Untitled Written question

Question
If he will publish a table which sets out, for a two-child family on: (a) half, (b) three quarters, (c) full, (d) one and a half times, (e) twice, (f) five times and (g) ten times average earnings, the increase in net income to be derived from: (i) a one pence cut in the standard rate of income tax in the 1991-92 financial year, (ii) an increase in personal allowances, over the above indexation, which incurred the same cost as a one pence cut in the standard rate income tax, (iii) an increase in child benefit which incurred the same cost as a one pence cut in standard rate income tax, both assuming and not assuming similar increases in the income support and family credit children's rates separately and (iv) the introduction of a reduced rate tax bands of: (1) 20 per cent. and (2) 15 per cent. at the same cost as a one pence cut in standard rate income tax, showing what band of income the reduced rate would cover. - Inc table.

Secondary information

Type
Written question
Reference
184 c676-8W;184 c672-4W
Session
1990-91
Subjects
Child benefit Costs Families Income tax Personal income Personal taxation Tax allowances Tax rates and bands
Contains statistics
Yes