Selective Employment Tax and Income Tax

HC Deb 25 October 1967 vol 751 c507W

Mr. Arthur Lewis

asked the Chancellor of the Exchequer what he estimates to be the loss to the revenue of the abolition of Selective Employment Tax and the reduction of Income Tax by 6d. in the £ sterling.

Mr. Callaghan

£462 million in a full year assuming that the standard rate and both reduced rates of Income Tax were reduced by 6d.