Captain A. EVANSasked the Chancellor of the Exchequer the annual cost to the Treasury if Income Tax was remitted on all incomes below £300 per year?
§ Mr. McNEILLNo precise data are available, but it is estimated that, if all persons with total incomes below £300. per annum were exempted from Income Tax (incomes over that figure remaining chargeable as at present), the loss of Revenue in a full year would be in the neighbourhood of £3,000,000.