Selective Employment Tax

HC Deb 17 January 1968 vol 756 cc649-50W

Mr. Gresham Cooke

asked the Chancellor of the Exchequer if he will state, in respect of the first year of the operation of the Selective Employment Tax, the total amount collected, the total amount refunded the total amount of premiums paid, and the total cost to the Government of administering this tax.

Mr. Diamond:

I estimate that in the first full year, i.e. 1967–68, the figures will be approximately as follows:

	£ million
Total amount collected	1,100
Total amount refunded	779
Additional payments to Manufacturers	129
Cost of administration	2

Regional Employment Premium, introduced with effect from September, 1967, will cost approximately £34 million in 1967–68.