§ Mr. Youngerasked the Chancellor of the Exchequer if he will state in respect of the first year of the operation of Selective Employment Tax the total amount collected, the total amount refunded and the total amount of premiums paid in Scotland.
§ Mr. Diamond:I estimate that the total amount collected in Scotland in the first full year will be£101 million. Refunds to the refund sector will amount to approximately£35 million and premium payments to the manufacturing sector to approximately£46 million, of which some£35 million represents refund and some£11 million the additional sum. With effect from 4th September, 1967, 18W Scotland will receive some£40 million a year in Regional Employment Premium.