asked the Minister for Finance the estimated value in the income tax year 1988-89 of (1) the 35 per cent income tax rate, (2) the 48 per cent tax rate, and (3) the 58 per cent tax rate.
Written Answers. - Income Tax Rates.
51.
The full year yield of income tax to the Exchequer arising from the tax rates referred to by the Deputy is estimated as follows:
|
Tax Rate |
Yield to the Exchequer |
|
% |
£m |
|
35 |
1,568 |
|
48 |
409 |
|
58 |
464 |
Note: The figures shown for yield to the Exchequer are the estimated ultimate net yield from the tax assessed in the year 1988-89, whether actually collected in that year or later, and include the yield from taxation of declared interest income.