HC Deb 27 April 1971 vol 816 c64W
Mr. Barnett

asked the Chancellor of the Exchequer if he will place in the Library of the House of Commons a copy of the review carried out by the Inland Revenue into companies subject to shortfall.

Mr. Patrick Jenkin

I have written to the hon. Member.

Mr. Barnett

asked the Chancellor of the Exchequer how much of the £250 million total distributable income, after tax, of the 25,000 close trading companies included in the review by the Inland Revenue, was subject to shortfall.

Mr. Patrick Jenkin

£1.9 million was assessed as shortfall. The total distributions, a substantial part of which would probably not have been made were it not for the shortfall provisions, amounted to £118 million.

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