§ 50. Sir C. RAWSONasked the Chancellor of the Exchequer approximately what increased amount of Income Tax will accrue to the revenue owing to the new basis of assessment of building societies?
Mr. CHAMBERLAINIt is estimated that under the new basis of assessment of building societies, entered into following the changes in the graduation of the Income Tax effected by the second Finance Act of 1931, the additional payment by the societies is slightly over £1,000,000 per annum.
§ Sir C. RAWSONHas there been the same number of complaints as there were from the co-operative societies?
52. Mr. PRICEasked the Chancellor of the Exchequer the amount of arrears of Income Tax at 31st March, 1932, and the amount of arrears of Income Tax at 31st March, 1933?
Mr. CHAMBERLAINThe only estimate available of the Income Tax in arrear at the beginning of a financial year is that of the amount of tax then outstanding which it is expected will be collected during the financial year, and on 1st April, 1933, the amount is estimated to have been £24,000,000. The corresponding figure at 1st April, 1932, is now estimated to have been £22,000,000.
§ 57 and 58. Mr. T. WILLIAMSasked the Financial Secretary to the Treasury (1) the amount of Income Tax received for the year 1932–33 from married persons whose income did not exceed £200; how many persons were assessed; and how many had to pay;
(2) how many single persons whose income did not exceed £150 were assessed for Income Tax in the year 1932–33; and what was the total amount received from them?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hore-Belisha)With the hon. Member's permission I will take these questions together. I regret that I am unable to furnish the particulars which the hon. Member asks for in relation to the Income Tax collection for the year 1932–33.
§ Mr. WILLIAMSCan the hon. Member supply the estimates on which the Chancellor of the Exchequer based his Budget proposals for this year or last year?
§ Mr. HORE-BELISHAI doubt whether I can, but I shall be only too pleased to consider it if the hon. Member will put a question down.
§ Mr. WILLIAMSIn view of the fact that two questions are on the Order Paper, might I, without a further question, have from the hon. Member such estimates as were prepared for the Chancellor of the Exchequer before he reached his conclusion prior to introducing the Budget?
§ Mr. HORE-BELISHAThe question on the Order Paper asks me for the amount. The hon. Member is now ask- 1715 ing me a question on a subject which is quite different. Anything that I can provide for him I will do so with pleasure.