HC Deb 13 May 1931 vol 252 c1200W
Mr. CAMPBELL

asked the Financial Secretary to the Treasury the amount of revenue sacrificed during the past financial year in consequence of the relief given to the lower ranges of Income Tax payers by the permissible deduction of Income Tax at half the standard rate on an amount not exceeding £225 of income being increased to a deduction of tax of five-ninths of the standard rate on an amount of income not exceeding £250?

Mr. PETHICK-LAWRENCE

The relief in question was estimated in last year's Budget to cost £2,500,000 in the year 1930–31 and £5,000,000 in a full year. The actual cost in 1930 cannot be ascertained, but there is no reason to believe that it did not accord with the Budget estimates.