§ 41. Mr. Turton
asked the Chancellor of the Exchequer what was the amount of shortfalls assessed to tax under Section 77 of the Finance Act, 1965, the amounts of tax so assessed and the amounts collected in the financial years 1966–67 and 1967–68.
§ Mr. Diamond
In the year to 30th September, 1967, about £25,900 of net Income Tax was charged on shortfalls of about £65,000; in the year to 30th September, 1968, the figures were about £1.67 million and about £4.68 million respectively. The amounts paid are not known.