Allowances

HC Deb 20 July 1965 vol 716 c185W

Mr. Sheldon

asked the Chancellor of the Exchequer what was the cost of balancing allowances less charges included in annual and other allowances in each year from 1955 to 1964.

Mr. MacDermot

The estimated net tax or balancing charges less balancing allowances is as follows:

				£ million
1955–56	…	…	…	2.8
1956–57	…	…	…	3.3
1957–58	…	…	…	3.5
1958–59	…	…	…	2.3
1959–60	…	…	…	1.3
1960–61	…	…	…	3.0
1961–62	…	…	…	1.0
1962–63	…	…	…	-3.5
1963–64	…	…	…	-2.9
1964–65	…	…	…	Not available

A negative sign indicates a net cost to the Exchequer.