HC Deb 28 January 1969 vol 776 c283W
Mr. Barnett

asked the Chancellor of the Exchequer what estimate he has made of net reduction in revenue in 1969–70 resulting from abolition of the close company, after allowing for increases in income tax and surtax.

Mr. Diamond

No reliable estimate can be made of the cost of abolishing close company status as it is not possible to foresee its effect on company policy.