asked the Minister for Finance if he will provide data on the estimated cost, in terms of revenue foregone on the following income tax allowance categories and reliefs, for each of the years 1979/1980 to 1982/1983 (projected):— (a) personal; (b) single and widowed; (c) one parent families; (d) child; (e) dependent relative; (f) PAYE; (g) housekeeper; (h) relief on loan interest paid in full; (i) relief on superannuation contributions paid by employees; (j) employees; (k) life assurance relief; (l) medical insurance relief; (m) children (social welfare) relief; (n) relief of bank deposit interest; (o) capital — machinery etc; (p) stock relief; and (q) export sales relief.
Written Answers. - Revenue Statistics.
832.
The following table sets out the information requested in so far as it is available:—
Cost to the Exchequer
|
Allowance or Relief |
1979-80 |
1980-81 |
1981-82 |
1982-83 |
|
(a) and (b) |
||||
|
Personal allowances¹ — |
||||
|
Married |
275.5 |
255.8 |
272.0 |
416.0 |
|
Working wife |
7.6 |
Not applicable |
Not applicable |
Not applicable |
|
Single and widowed |
177.8 |
186.4 |
194.1 |
306.0 |
|
(c) One-parent family allowance |
1.0 |
3.0 |
3.8 |
7.7 |
|
(d) Child (income tax) allowance² |
52.0 |
53.4 |
54.1 |
30.9 |
|
(e) Dependent relative allowance |
3.6 |
3.0 |
2.7 |
2.8 |
|
(f) PAYE allowance |
39.0 |
117.0 |
180.0 |
206.0 |
|
(g) Housekeeper allowance³ |
0.45 |
0.4 |
0.3 |
Not applicable |
|
(h) Loan interest relief |
30.0 |
36.0 |
52.5 |
66.0 |
|
(i) Superannuation contributions by employees |
10.0 |
14.0 |
17.5 |
21.7 |
|
(j) Employee allowance 4 |
Cost as at (f) above |
|||
|
(k) Life assurance |
8.0 |
10.0 |
10.5 |
12.0 |
|
(l) Medical insurance |
5.0 |
6.0 |
6.5 |
9.5 |
|
(m) Children's (social welfare) allowance |
12.8 |
19.5 |
24.0 |
41.3 |
|
(n) Deposit interest exemption 5 |
3.0 |
3.5 |
4.5 |
5.0 |
|
(o) Capital allowances — buildings, plant and machinery |
80.0 |
99.0 |
115.0 |
not available |
|
(p) Stock relief 6 |
15.0 |
9.0 |
11.0 |
13.5 |
|
(q) Export sales relief |
86.0 |
93.0 |
106.0 |
not available |
Notes on table
¹ The cost of the married, working wife, single and widowed allowances is included in (a). The working wife allowance was abolished with effect from 6 April 1980.
² The drop in the cost of child allowance from the year 1982-83 was caused by the reduction in the standard child allowance from £195 for 1981-82 to £100 for 1982-83.
³ The housekeeper allowance was abolished with effect from 6 April 1982.
4 Presumably the allowance referred to at item (j) is the Employee (PAYE) allowance. This is costed under item (f) in the table.
5 The relief costed under item (n) is the exemption provided (up to certain limits) for interest arising from deposits with the Post Office and Trustee Savings Banks and certain specified commercial banks.
6 The cost of stock relief is available by calendar year only. The figure shown for 1979-80 is for the year 1979 and so on.