§ Mr. Danceasked the Chancellor of the Exchequer if he will estimate the cost to the Exchequer in a full year of substituting for the present combination of corporation tax and Schedule F income tax a profits tax and income tax with the same rates and structure as were in force in October, 1964, as a result of the Finance Act, 1964 and previous measures.
§ Mr. TaverneNo. Since corporation tax was introduced circumstances have changed too much for a useful estimate to be made.