§ 47. Mr. Stanbrookasked the Chancellor of the Exchequer what is his estimate of the amount of revenue to be lost by discontinuing form CT.61 and the Inland Revenue relying solely on form CT.62.
§ Mr. Patrick JenkinIf Schedule 9 tax, at present accounted for monthly on Form CT.61, were from 1971–72 accounted for only at the year end, collection of about £750 million of tax would be postponed to the following year. Thereafter, the loss arising from the deferred collection of the expected annual increment in the tax yield would be about £50 million.