§ 43. Mrs. Sally Oppenheimasked the Chancellor of the Exchequer what will be the cost to the revenue of exempting the announced increase in State pensions from income tax for 1972–73.
§ Mr. NottThe proposed exemption applies not to State pensions generally but only to the increases in national insurance widows' and retirement and war widows' pensions. The cost to the Revenue is estimated at £15 million.
§ 44. Mrs. Sally Oppenheimasked the Chancellor of the Exchequer what will be the saving in additional salary and over time to the Inland Revenue of the exemption of the announced increase in State pensions from income tax for 1972–73.
§ Mr. NottThe exemption of the increase will save the Inland Revenue about 500,000 hours work, the cost of which as overtime would have been approximately £435,000.