HL Deb 15 October 1998 vol 593 cc120-1WA
Lord Campbell of Croy

asked Her Majesty's Government:

Whether they are still reviewing their proposal to tax credits on dividends for people with small incomes who do not pay income tax, in particular the elderly [HL3291]

Lord McIntosh of Haringey

Yes.

Baroness Park of Monmouth

asked Her Majesty's Government:

Given the July 1997 budget decision to halve the tax credit paid on investment income from 20 per cent. to 10 per cent. with effect from April 1999, what plans they have to allow non-taxpayers, many of whom are pensioners who will lose income, to reclaim a notional tax credit of 10 per cent. on dividends from April 1999. [HL3241]

Lord McIntosh of Haringey

The Government have under review the situation of non-taxpayers affected by the withdrawal of payable tax credits from April 1999.