§ Mr. Oakesasked the Chancellor of the Exchequer what was the total amount of Corporation Tax collected from building societies in the last financial year.
§ Mr. Harold LeverThe amount due in 1967–68 is estimated at £14 million. The amount paid is not known.
§ Mr. Oakesasked the Chancellor of the Exchequer what was the total amount of income tax collected from building society depositors in the last financial year.
§ Mr. Harold LeverBuilding society depositors do not have to pay income tax on the interest paid to them; but the societies pay income tax, mainly at a composite rate, in respect of dividends or interest payable to investors. The amount of income tax from building societies under this head in 1967–68 is estimated at £121 million; the amount actually paid in that year is not known.