HC Deb 01 February 1961 vol 633 cc134-5W
Mr. Nabarro

asked the Chancellor of the Exchequer what steps he proposes to take to investigate the effects upon the nation's export trade of the present rates of Surtax on earned incomes; and what advice he has received from representative industrial organisations in this connection.

Mr. Selwyn Lloyd:

A number of representative bodies have written to me putting forward the view that a reduction of Surtax would encourage harder work in promoting exports and in business generally. I shall give careful consideration to this matter, along with many other suggestions for changes in the taxation system, before the Budget.

Mr. Nabarro

asked the Chancellor of the Exchequer how many persons are assessed for Surtax in the current year 1960–61; what is his revised estimate of the aggregate yield taking into account all movements in money incomes in the current year; and how many of the total persons assessed for Surtax are so assessed in respect of unearned incomes.

Sir E. Boyle:

It is not yet known how many taxpayers will be assessed to Surtax in 1960–61; the Budget estimate of the yield of Surtax in 1960–61 is £190 million, and it is not the practice to revise Budget Estimates during the course of the current year; as regards the last part of the Question, the latest available information is contained in Table 77 of the 103rd Report of the Commissioners of Inland Revenue.