§ 45. Mr. Ridley
asked the Chancellor of the Exchequer what is his estimate of the revenue from Schedule 12 Income Tax on dividends net of offset for tax paid on franked investment income received during the current financial year.
§ Mr. Diamond
The Budget Estimate for 1968–69 for Schedule 12 Income Tax on dividends and interest is £915 million. No estimate of the tax on dividends alone is available.