§ Mrs. Shirley Williamsasked the Chancellor of the Exchequer what rate of tax should be deducted by United Kingdom companies from dividends paid after 5th 14W April next to shareholders not resident in the United Kingdom.
§ Mr. CallaghanIncome Tax should be deducted from such dividends at the full standard rate. Any relief which may be due to a non-resident shareholder by virtue of provisions contained in a double taxation agreement will be given by repayment.