Income Tax

HC Deb 25 March 1958 vol 585 c18W

54. Mr. McKay

asked the Chancellor of the Exchequer what was the income to the Exchequer for the year 1957–58 from 6d. in the £ Income Tax.

Mr. Amory

On the basis of the Budget estimate, 6d. in the standard rate of Income Tax together with the proportional amounts in the reduced rates will yield £128 million in 1957–58.