Dividends and Interest (Taxation)

HC Deb 01 April 1969 vol 781 c62W

45. Mr. Ridley

asked the Chancellor of the Exchequer what is his estimate of the revenue from Schedule 12 Income Tax on dividends net of offset for tax paid on franked investment income received during the current financial year.

Mr. Diamond

The Budget Estimate for 1968–69 for Schedule 12 Income Tax on dividends and interest is £915 million. No estimate of the tax on dividends alone is available.