§ 44. Mr. Stevensasked the Chancellor of the Exchequer what is the estimated cost to the Exchequer at current rates of taxation of implementing that part of the recommendations in Chapter 6 of the Report of the Committee on the Taxation Treatment of Provisions for Retirement, upon which the Committee was unanimous, namely, that superannuation tax relief should be extended to those self-employed persons who, deriving their remuneration from a profession or vocation, are taxed under Case II of Schedule D, and upon what assumptions the estimate has been made.
§ Mr. H. BrookeIt is not possible to say exactly what classes of the self-employed would, under my hon. Friend's suggestion, be entitled to claim relief. If all those who might be said to carry on a profession or vocation claimed the maximum relief the cost might be of the order of £7 million.
§ Mr. Channonasked the Chancellor of the Exchequer whether, in connection with the coming Budget, he will give sympathetic consideration to the position of those professional self-employed persons who are excluded from sharing in the advantages of statutory superannuation schemes with a view to granting them equality of treatment in respect of taxation and so give effect to the recommendations of the second Tucker Committee Report and its final report published in June, 1955.
§ Mr. H. MacmillanI am carefully considering the recommendations of this Committee, but my hon. Friend will not expect me to anticipate my Budget statement.