§ The increases in the earned income relief and in the allowances for children and dependent relatives will mean a recasting of the P.A.Y.E. tax tables, and a recoding of the taxpayers affected. People are always asking me to set up Commissions and Committees to inquire into P.A.Y.E., but I much prefer to do the job myself. We have made continuous improvements in the administration of this scheme. To recast tax tables of the old type for P.A.Y.E. used to take five or six months, but as the Committee will know, the new Single Table as it is called, which has been in use since the beginning of this year, means a great saving in every respect—a saving in paper, in printing labour and in time. This new Table can now be recalculated, printed and distributed within 10 weeks from Budget day. I hope, therefore, that 76 the re-coding, in accordance with the changes I have indicated, will be finished, and the new tables be in the hands of all employers in time to give effect to the changes which I have just proposed, in the pay packet for the week beginning 7th July.
§ The relief then given will date from 6th April, the beginning of the current income tax year, and there will, therefore, be not only a smaller deduction of the tax, week by week, from the second week of July onwards, but also a repayment, in the week beginning 7th July, of the tax deducted during the previous three months in excess of the new rate. It will be another of those wonderful weeks, like the first week of last October, which many people still remember, when "P.A.Y.E." becomes "re-P.A.Y.E.", and when the Chancellor of the Exchequer meets smiling faces everywhere.