§ Mr. Neville Trotter
asked the Chancellor of the Exchequer what is the present annual revenue derived from taxing car benefits of directors and those earning over £5,000 a year from employment; and what is his estimate of the additional revenue arising from the changes proposed in the Finance Bill (a) by extending the scope of the assessment and (b) by introducing fixed sums for assessment.
§ Mr. Robert Sheldon
Information on which to base a precise figure is not available but it is estimated that the yield for 1975–76 was about £25 million. For 1977–78 and 1978–79 the additional revenue is estimated to be almost the 135W whole of the £35 million and £100 million shown in the Financial Statement. It is not possible to give a precise breakdown of these figures but the amount of additional revenue attributable to the extension of the charge to non-trading concerns is likely to be small.