HC Deb 24 February 1959 vol 600 c125W
Sir A. Bossom

asked the Chancellor of the Exchequer if he will state the approximate amount produced by a 1s. Income Tax at the present general rate of taxation.

Mr. Simon

On the basis of the Budget estimate 1s. in the standard rate of Income Tax together with the proportional amounts in the reduced rates will yield £272 million in 1958–59.