HC Deb 31 July 1951 vol 491 c163W
68. Mr. Black

asked the Chancellor of the Exchequer what is the estimated loss to the Exchequer in Profits Tax and Surtax in the current year, and in a full year, which will result from the implementation of the Government's dividend limitation proposals.

Mr. Gaitskell

I cannot say what the loss in a full year would be as this depends on the extent to which dividends would have increased if no action had been taken. There will be little or no loss this year as neither the Surtax nor, generally speaking, the Profits Tax on the dividends in question would have been paid during the current year.