Scotland, England and Wales (Income Tax)

HC Deb 25 June 1968 vol 767 cc45-6W

Sir F. Maclean

asked the Chancellor of the Exchequer what he estimates to be the net gain or loss to the Inland Revenue of decreasing Income Tax by 2s. 6d. in the £ sterling for residents in Scotland, raising it by 3d. in the £ sterling for residents in England, and leaving it unchanged for residents in Wales.

Mr. Harold Lever

There would be a net gain of £16 million for the full year assuming that there were proportionate changes in the reduced rates.

Sir F. Maclean

asked the Chancellor of the Exchequer what he estimates to be the net gain or loss to the Inland Revenue of decreasing Income Tax by 2s. in the £ sterling for residents in Scotland, raising it by 2d. in the £ sterling for residents in England, and leaving it unchanged for residents in Wales.

Mr. Harold Lever

There would be a net loss of £1 million for the full year assuming that there were proportionate changes in the reduced rates.