§ Mr. Brittanasked the Chancellor of the Exchequer whether he will take steps to reduce the rate of interest charged on overdue income tax, in the light of generally falling interest rates.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 1st December 1977; Vol. 940, c. 329], gave the following information:
The rate at which interest is charged on tax overdue is kept under regular review, with due regard being had to the level of interest rates generally.