§ Mr. Meacherasked the Chancellor of the Exchequer how much revenue he estimates has been forgone by the Exchequer for each of the last 15 years in respect of covenants in favour of individuals, divided between income tax and surtax.
§ Mr. Patrick JenkinThe only figures available related to the amounts of tax relief for the years 1962–63 to 1966–67. These are:248W
Income tax Surtax £m. £m. 1962–63 … … 5¼ 10¾ 1963–64 … … 5½ 11½ 1964–65 … … 6 12 1965–66 … … 6¼ 12¾ 1966–67 … … 6 12