HC Deb 25 November 1968 vol 774 c42W
Mr. Barnett

asked the Chancellor of the Exchequer what is the estimated net cost of allowing as a deduction from close company profits interest at commercial rates on loans made by directors/ participators up to a maximum of the total issued share capital, allowing for the estimated increased revenue from Income Tax and Surtax.

Mr. Harold Lever

This cost cannot be estimated.