§ Mr, John Grantasked the Chancellor of the Exchequer what amount of Schedule D and E income tax was remitted in the tax years 1970–71, 1971–72, 1972-–73 and to date in 1973–74; and if he will list separately the principal reasons for remission under Schedules D and E.
§ Mr. NottThe table below gives figures of tax remitted or written off as irrecoverable for accounting years ended on the last Friday in October. Later figures are not available, and records are not kept on a tax year basis. The amounts of Schedule A and B included cannot be separated out but they are not 133W likely to be significant. Interest on unpaid tax and PAYE tax deducted by employers
SCHEDULE E REMISSIONS £ thousand A/C 70 A/C 71 A/C 72 Remissions: Hardship … 86 160 368 Equity … 23 2 9 Miscellaneous: amounts recoverable not sufficient to justify costs of proceedings, etc. 101 116 127 Amounts irrecoverable: Insolvency (including composition) … 183 155 229 Miscellaneous: taxpayer gone abroad or untraceable, etc. … 169 195 232 Total … 562 628 965
SCHEDULE A, B AND D REMISSIONS £ thousand A/C 70 A/C 71 A/C 72 Remissions: Hardship … 4 13 29 Equity … 482 553 815 Miscellaneous: amounts recoverable not sufficient to justify costs of proceedings, etc. 1,925 1,819 3,558 Amounts irrecoverable: Insolvency (including composition) … 561 877 2,680 Miscellaneous: taxpayer gone abroad or untraceable, etc. … 4,048 5,414 7,306 Total … 7,020 8,676 14,388