§ Mr. Peter Reesasked the Chancellor of the Exchequer how many assessments have been raised under Section 408 of the Income Tax Act, 1952, or Section 451 of the Income and Corporation Taxes Act, 1970, in respect of each of the years from 1959–60 to 1969–70, inclusive, and what was the aggregate amount of such assessments for each such year.
§ Mr. Patrick JenkinThis information is not available.
§ Mr. Peter Reesasked the Chancellor of the Exchequer how many shortfall assessments have been raised on companies other than investment companies and on investment companies in respect of each of the years 1966–67, 1967–68, 1968–69 and 1969–70, and what was the aggregate amount of such assessments for each such type of company for each of such years.
§ Mr. Patrick JenkinA breakdown by categories of company is not available, but the total number of assessments made and income tax assessed were in 1966–67 negligible, in 1967–68 7,400 and £1.7 million, in 1968–69 12,200 and £3.3 million and in 1969–70 11,500 and £3.3 million. Additional information for 1969–70 suggests that of the totals shown for that year about 4,500 assessments and £1 million tax related to investment companies.