HC Deb 04 December 1974 vol 882 cc501-2W
Mr. Cyril Smith

asked the Chancellor of the Exchequer what was the total amount of income tax paid by the building societies in respect of the interest paid to their shareholders in each of the last two financial years.

Mr. Robert Sheldon

The total amount of income tax paid by the building societies in respect of the interest paid to their shareholders and depositors was £278 million in 1972–73 and £306 million in 1973–74.