§ 62. Mr. John Hallasked the Chancellor of the Exchequer what would be the loss of revenue if Surtax rates were changed to those applying in 1938–39.
§ Sir E. BoyleIt would cost about £65 million to charge Surtax at 1937–38 rates, that is, the rates for the Surtax due in 1938–39.
§ Vice-Admiral Hughes Hallettasked the Chancellor of the Exchequer how many persons were liable to Surtax in respect of earned income at the latest convenient date; and what information he has concerning their breakdown between those in receipt of salaries from public funds, those employed privately, and those who were self-employed.
§ Mr. Selwyn LloydIt is estimated that for the year 1958–59 about 350,000 persons with some earned income were liable to Surtax. For about 60 per cent. of these the primary source of earnings was employment, and for the remainder it was self-employment. It is not known how many received salaries from public funds.