Income Tax (Hansard, 13 March 1962)

HC Deb 13 March 1962 vol 655 c140W 140W

§ Mr. Callaghan
asked the Chancellor of the Exchequer what is the product of a 1d. rate of Income Tax.

§ Mr. Selwyn Lloyd
On the basis of the Budget estimates for last year the product of each 1d. of the standard rate of Income Tax and proportionate amounts of the reduced rates is £30 million.