HC Deb 26 June 1975 vol 894 cc213-4W
Mr. Cordle

asked the Chancellor of the Exchequer if he will amend the scheme of the new age allowances for income tax purposes so as to provide for a proper reduction in the allowance at the rate of £1 in £5 or some other less severe rate of reduction; and what would be the estimated reduction in the tax yield for income tax for the year 1975–76 as a result of granting such relief.

Mr. Robert Sheldon

I will let the hon. Member have a reply as soon as possible.