Vol. 441 No. 8
52 Mr. Cox asked the Minister for Finance the extent to which tax bands would need to be expanded in respect of single and married tax payers on the standard band of tax so as to reduce the numbers paying tax at the higher rate to 20 per cent of all those currently paying tax, in line with the Culliton report, not including the enactment of the Finance Bill, 1994 and including the enactment of the Finance Bill.
Assuming the enactment of this year's Finance Bill, it is estimated that implementation of the proposal contained in the question would result in an extension of the limits of the 27 per cent income tax band from £8,200 to £11,993 for single and widowed persons and from £16,400 to £23,986 for married persons.
Failing the enactment of the Finance Bill, the same proposal would result in an extension of the limits of the 27 per cent income tax band from £7,675 to £12,168 for single and widowed persons and from £15,350 to £24,336 for married persons.
These figures are provisional and are subject to revision.
