§ Mr. Lawsonasked the Chancellor of the Exchequer what is the explanation for the difference of £25 million between the estimate given by the Financial Secretary on 15th July [Official Report, c. 1062] of the additional annual revenue that will accrue as a result of the enactment of Chapter II (Benefits derived by Company Directors and others from their Employment) of Part III of the Finance Bill as amended, viz. £80 million, and the estimate of £55 million of additional revenue from the same source given in the Financial Secretary's Written reply to the hon. Member for Blaby on 19th July [Official Report, c.357–8].
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 26th July 1976; Vol. 916, c.35],circulated the following answer:
The figure of £80 million given on 15th July [Official Report, c. 1062] referred to the total revenue expected under the benefit provisions—that is to say, the revenue under the existing basis, which 198W is estimated to be £25 million, arising from the scales in the Finance Bill, plus the additional revenue which is estimated to be £55 million as given in the reply to the hon. Member on 19th July [Official Report, c.358].