§ Mr. Meacherasked the Chancellor of the Exchequer how many surtax directions have been made against closely-controlled companies for each of the last 10 tax years; and how much income was involved for each year.
§ Mr. Patrick JenkinThe information is as follows:
Year ended 31st March Number of Surtax directions Income involved £m. 1961 … 1,548 18.7 1962 … 1,524 18.3 1963 … 1,452 18.9 1964 … 1,573 17.5 1965 … 1,890 21.4 1966 … 2,152 19.5 1967 … 2,478 22.5 1968 … 2,169 24.5 1969 … 1,680 22.9 1970 … 4,475 11.7 Surtax directions do not arise under the close company legislation introduced in the Finance Act, 1965. The figures above for the years 1966 to 1970 therefore relate to pre-1965 cases.