HC Deb 06 December 1949 vol 470 c143W
Sir R. Young

asked the Financial Secretary to the Treasury what was the amount refunded to Income Tax payers as post-war credits for each year of the scheme; and what percentage these amounts are to the total amount of the estimated payments still to be made for each year of tax collection.

Mr. Glenvil Hall

The following table shows the position on 30th September, 1948, the latest date for which detailed information is available:

Year (1) (2)
Amount Repaid Approximate amount outstanding Percentage which (1) bears to (2)
1941–42 £m27.6 £m120 23.0
1942–43 30.9 150 20.6
1943–44 12.2 30 40.7
1944–45 27.9 185 15.1
1945–46 26.2 190 13.8

My hon. Friend will find a complete analysis of post-war credit repayments in Table 33 of the 91st Report of the Commissioners of Inland Revenue.