§ Mr. C. Johnsonasked the Chancellor of the Exchequer what is the total expected liability of the Government for payments exempted from Income Tax by Section 457 of the Income Tax Act, 1952, to members and ex-members of the Armed Forces during the next twenty 190W and 1959–60, child allowance, housekeeper allowance, dependent relative allowance, life assurance relief, maintenance relief for repairs to property, mortgage, interest, other interest payments, covenants in favour of individuals, National Insurance contributions, other superannuation and pension contributions, and compensation for loss of office.
§ Sir E. Boyle:In general the available estimates are limited to the years 1954–55 and 1959–60 and to the items in the following table:
years; and what was the total amount of such payments in the year 1959–60 and the total amount of Income Tax forgone by reasons of this exemption.
§ Sir E. Boyle:It is impossible to forecast the expenditure over the next twenty years. The total amount of payments in 1959–60 exempted from Income Tax under Section 457 of Income Tax Act, 1952, was about £30 million. There is not enough information on which to base an estimate of the tax foregone because of the exemption.