§ 66. Sir J. Duncanasked the Chancellor of the Exchequer how much would have been left in the taxpayer's pocket in 1956–57 if Schedule A Income Tax had been abolished; and what is his estimate of the yield of this tax in 1957–58.
§ Mr. SimonAssuming that rents would be charged to tax under Schedule D the answer is about £40 million, including Surtax, in 1956–57. The corresponding figure for 1957–58 is about £41 million.