§ Mr. Maurice Macmillan
asked the Chancellor of the Exchequer what was the total cost to the Exchequer of the export rebate from its inception to the latest available date; and what was the estimated net inflow from Selective Employment Tax over the same period.
§ Mr. MacDermot
Payments of export rebate from its inception to 22nd October amounted to £123.75 million. The proportion of the estimated net full year 311W yield of the Selective Employment Tax attributable to a period of 48 days, the period for which it had been in operation on 22nd October, is £29 million.