§ Miss LAWRENCEasked the Chancellor of the Exchequer the number of person entirely relieved from Income Tax by the operation of allowances and abatements and the number chargeable with tax before and after the operation of the new regulations?
§ Mr. P. SNOWDENOn the existing basis of taxation it is estimated that about 5,250,000 persons come under review for Income Tax purposes of whom about 3,000,000 are entirely relieved by the various allowances, leaving 2,250,000 actually paying tax. It is very difficult to forecast the effect on these numbers of the changes proposed in the Budget, but it is estimated that the effect will he to increase the numbers actually paying tax by between 1,500,000 and 2,000,000 persons.