HC Deb 25 March 1964 vol 692 c114W
Mr. McKay

asked the Chancellor of the Exchequer what amount an additional 3d. in the £ on all sections of Income Tax in 1963–64 would yield in revenue to the Exchequer; and what would be the additional yield for each band of income taxed for the period.

Mr. Green

The estimated yields in a full year from an increase of 3d. in the lower reduced rate, the higher reduced raw and the standard rate of Income Tax for 1963–64 are £23 million, £28 million and £52 million, respectively, of which £17 million, £21 million and £52 million would have reached the Exchequer in 1963–64.