§ Lieut.-Colonel ACLAND-TROYTE
asked the Chancellor of the Exchequer whether he has received Mr. Davis's memorandum on control of local authorities by Government Departments, which was recently adopted by the Devon1540W
Income Tax exemption limit for the year 1924–25, differentiating between the number who actually pay tax and those who are exempted by reason of personal allowances and deductions and reliefs?
§ Mr. CHURCHILL
The estimated number of individuals with incomes above the effective exemption limit (£135 of assessable income) was, for the year 1923–24, 5,000,000, of which 2,400,000 actually paid tax, the remaining 2,600,000 being entirely relieved from tax by the operation of personal allowances, etc. These estimates are subject to revision. I am not yet in a position to furnish similar estimates for the year 1924–25.