§ 30. Mr. John Hall
asked the Chancellor of the Exchequer if, when introducing a new tax, an estimate is made of the cost of collection.
§ The Chancellor of the Exchequer (Mr. James Callaghan)
Yes, Sir, so far as this is practicable.
§ Mr. Callaghan
No, Sir. I cannot give a figure, because the officials who examine the Income Tax returns for the purposes of assessment examine at the same time the liability for Capital Gains Tax and it would not be easy to distinguish the two from each other.