HC Deb 04 June 1996 vol 278 cc357-8W
Sir Cranley Onslow

To ask the Chancellor of the Exchequer what estimate he has made of the probable yield of an investment income surcharge in the year 1997–98 at the equivalent rates to those abolished in 1984. [30995]

Mr. Jack

The estimated full-year yield if introducing a 15 per cent. surcharge to investment income above £13,000, which is the 1983–84 level of revalorisation to 1996–97, would be about £1.1 billion at 1996–97 income levels. The yield for 1997–98 would depend on levels of incomes in that year.

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