HC Deb 25 October 1966 vol 734 c812
22. Mr. Goodhart

asked the Chancellor of the Exchequer how many members of the staff of the Inland Revenue are wholly employed on work relating to the Capital Gains Tax; and how many are employed part time on making Capital Gains Tax assessments.

Mr. Diamond

Seven officers are wholly employed on Capital Gains Tax, but work on the tax forms part of the duties of a substantial proportion of Inland Revenue staff.

Mr. Goodhart

Is the Treasury making any study of the time which might be saved in staff duties by exempting, say, the first £200 of capital gain from tax?

Mr. Diamond

This question has been gone into many times, and the proposal which the hon. Gentleman has made is not likely to result in any saving of time whatsoever.

Mr. Stratton Mills

Why is it that this staff are unable, with their other duties, to answer the question which I put to the Chancellor yesterday, namely, to give the total forward losses for Capital Gains Tax which have been agreed?

Mr. Diamond

I am not aware of what Question the hon. Gentleman has put to my right hon. Friend.