§ Mr. Brayasked the Chancellor of the Exchequer if he will include a clause in the Finance Bill whereby wage earners who have wage increases delayed, pending a Pay Board decision, into the 1974–75 fiscal year and who will consequently be taxed on these wages at a substantially higher rate shall pay tax at the lower rate applicable to wages which would otherwise have been paid in the 1973–74 fiscal year.
§ Dr. GilbertIncome tax is deductible under PAYE by reference to the rates in force at the time of payment. An employee is entitled under existing law to claim to be assessed to tax on the basis of the earnings attributable to the year of assessment, if these differ from the earnings received in the year. An adjustment to this basis can however only be made after the end of the year.