§ Sir Brandon Rhys Williams
asked the Chancellor of the Exchequer by how much he estimates that the income tax base will be reduced in 1981–82 as a result of the income tax allowances, reliefs and exemptions listed in the public expenditure White Paper, Cmnd. 8175, table 4.14; and what would be the income tax base if these allowances were abolished.
§ Mr. Ridley
[pursuant to his reply, 9 February 1982 c. 323]: Estimates for 1981–82 are not yet available. For 1980–81, the total income of households is estimated at approximately £190 billion and this is reduced by around £100 billion by those income tax allowances, reliefs and exemptions relevant to the household sector. Some of the exemptions etc. listed in table 4.14 of Cmnd. 8175 relate to institutions rather than to members of households—e.g. charities, life assurance funds; the income of these institutions has not been included in the total of £190 billion.