§ Mr. Patrick Jenkinasked the Chancellor of the Exchequer if he will give an estimate of the cost in a normal year 350W of collecting the Selective Employment Tax, showing both the total cost of administering the tax and the repayments, and also this cost expressed in pence per pound of net revenue collected, that is the difference between total tax received and repayments and premiums disbursed.
§ Mr. CallaghanThe administrative cost of operating the tax is estimated at about £1½ million in a full year, representing about 1.7d. per pound of net revenue. Rather less than one-third of this is the cost of collection.
§ Mr. Elystan Morganasked the Chancellor of the Exchequer if he will introduce legislation to exempt areas where the proportion of manufacturing industry is small in comparison with service industry from the payment of Selective Employment Tax.
§ Mr. CallaghanMy hon. Friend will not expect me to anticipate the Budget.