HC Deb 12 April 1976 vol 909 c435W
Mr. Paul Dean

asked the Chancellor of the Exchequer whether he will publish a simple guide dealing with income tax and the self employed as soon as the 1976 Finance Bill is passed.

Mr. Robert Sheldon

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

Mr. Newton

asked the Chancellor of the Exchequer what loss of revenue would result from raising from £1,500 to £2,000 the present limit for tax purposes on self-employed persons retirement annuity contributions, assuming that all those who last year used their whole allowance took full advantage of the increase.

Mr. Robert Sheldon,

pursuant to his reply [Official Report, Monday 5th April; Vol. 909, c. 86], gave the following information:

The hon. Member will now know that I propose that the limit be raised to £2,250 at an estimated cost of £10 million in a full year.