HC Deb 05 December 1911 vol 32 c1365W
Mr. ARMITAGE

asked the Chancellor of the Exchequer if he will state what the total net loss was that was caused to the Revenue by the reason of the fact that the Budget for 1909–10 did not become law until 29th April, 1910, instead of 30th November, 1909, with the result that such taxes as were not retrospective in their operation did not yield any return for a period of four months?

Mr. LLOYD GEORGE

The total loss of Inland Revenue duties owing to the cause stated may be estimated at about £500,000.