§ Mr. Dykes
asked the Chancellor of the Exchequer when taxpayers will receive the benefit of the accumulated tax reduction in respect of the period between the beginning of the financial year and the date upon which the £1 a week reduction in tax liability is reflected in the pay packet.
§ Mr. Barber:
Employees who are taxed under PAYE will find that the reductions I have proposed this year are reflected in their pay packets tomorrow, 4th May, or their first pay packets thereafter. The take-home pay of most taxpayers will on that occasion be increased by the tax saving accumulated since 6th April.