Income Tax (Yield) (Hansard, 26 October 1950)

HC Deb 26 October 1950 vol 478 c399W 399W

§ Mr. Bossom
asked the Chancellor of the Exchequer the amount of revenue he now receives for each 1s. rate of tax.

§ Mr. Gaitskell
On the basis of the Budget estimate for the current year, the yield for each 1s. of the standard rate of Income Tax is £154 million.