§ Mr. Armstrongasked the Chancellor of the Exchequer (1) how much he estimates will be secured from Purchase Tax on handkerchiefs in 1955;
(2) at how much he estimates the cost to the Exchequer of raising the D level on linen handkerchiefs by 100 per cent.
(3) how much he estimates will be secured from Purchase Tax on linen handkerchiefs in 1955.
§ Mr. H. BrookeI estimate that the yield of Purchase Tax from handkerchiefs is of the order of £500,000. Of this total, I estimate that receipts from linen handkerchiefs account for less than £100,000. To double the existing D allowances for linen handkerchiefs would reduce the yield of tax from them by rather more than half.