§ Mr. Nabarroasked the Chancellor of the Exchequer, having regard to the increase of Profits Tax from 10 per cent. to 121 per cent. in the last Budget, and taking into account changed trading conditions in the current financial year, what total yield of Profits Tax he now expects this year; and how much increased yield in cash, and what per-centum increase in yield compared with the year 1959–60 he expects.
§ Sir E. BoyleNo separate Budget estimate was made for Profits Tax. The estimate of the yield of Profits Tax, Excess Profits Tax and Excess Profits Levy taken together was £256 million, which is about 2 per cent. below the outturn of those taxes for 1959–60. It is not the practice to revise Budget Estimates during the course of the current year.