HC Deb 19 January 1971 vol 809 cc246-7W
Mr. Arthur Lewis

asked the Chancellor of the Exchequer what action he has taken or intends taking to advise people with banking accounts that the 2d. percheque stamp duty is to end on decimalisation day, and that those that have paid in advance for stamp duty on cheques should return these for rebate; and by how much he estimates the Treasury will benefit from the revenue receivable from stamp duty paid on cheques which will not be used.

Mr. Patrick Jenkin

This duty is to be abolished as from 1st February, not 15th February. The Inland Revenue have issued Press notices on the subject and the arrangements have received wide Press publicity.

I cannot give a firm estimate of the duty paid on cheques which will still be held on 1st February but it is not likely to be over £250,000.