HC Deb 06 November 1973 vol 863 cc135-6W
Mr. Meacher

asked the Chancellor of the Exchequer what was the annual yield in the first year of operation of the 15 per cent. surcharge on investment incomes of over £2,000 a year; how much of this was paid by those with incomes of, respectively, less than £1,000, £1,000-£2,000, £2,000-£5,000, £5,000-£10.000, and over £10,000 per year; what would the yield have been if the 15 per cent. surcharge applied to investment incomes over £1,000 per year; and what would have been the breakdown by these income levels of payment of this extra surcharge.

Mr. Nott

No investment income surcharge has yet become payable, and the bulk of the liability for 1973–74 will fall due in 1974–75 after the amounts of investment incomes have been determined. The information requested is therefore not available.