Income Tax (Thrift Schemes)

HC Deb 04 November 1965 vol 718 cc224-5W

Mr. Grant

asked the Chancellor of the Exchequer what would be the estimated cost to the revenue of a general tax concession similar to that in the United States for employee thrift schemes.

Mr. MacDermot

I regret that no estimate can be given.

Mr. Grant

asked the Chancellor of the Chancellor of the Exchequer what would be the estimated cost to the revenue of giving tax freedom to sums up to £28 per annum per worker allotted by a company for an approved scheme for employee saving and investment on the lines of the 312 DM Law of Western Germany.

Mr. MacDermot

I regret that no estimate can be given.