§ Mrs. Chalkerasked the Chancellor of the Exchequer what effect he estimates a reduction of the covenant period for charitable donations from seven years to (a) five years, (b) four years, (c) three years and (d) two years would have on income to the Exchequer.
§ Mr. Robert SheldonI regret that the information on which to base an estimate is not available.
§ Mrs. Chalkerasked the Chancellor of the Exchequer how much tax relief was received by charities in each year 1970–71, 1971–72, 1972–73, 1973–74, 1974–75 and 1975–76 through covenanted donations.
§ Mr. Robert SheldonThe latest information is as follows:
£ million 1970–71 … … 17 1971–72 … … 21 1972–73 … … 23 1973–74 … … 28 1974–75 … … 26 1975–76 … … 30