HC Deb 19 October 1966 vol 734 cc56-7W
Mr. Edward M. Taylor

asked the Chancellor of the Exchequer if he will outline the arrangements he has made with the nationalised industries for the refund of Selective Employment Tax; and what time will elapse between payment of the tax and the payment of the refund.

Mr. MacDermot

Repayments will be made at fixed intervals which will vary from industry to industry to take account of the interval at which the tax is actually paid. The time between payment of the tax and payment of refunds will not normally be longer than one month.