Income Tax

HC Deb 28 February 1972 vol 832 cc44-5W

Mr. Pardoe

asked the Chancellor of the Exchequer if he will now estimate the yield from income tax in the financial year 1971–72; and by how much, and by what percentage, it exceeds the yield in the financial year 1970–71.

Mr. Patrick Jenkin

The Budget Estimate for 1971–72 is £6,491 million; this is £763 million—13.3 per cent.—higher than the outturn in 1970–71.