§ Mr. Cordleasked the Chancellor of the Exchequer what would be the estimated increase in the tax yield for income tax for the year 1975–76 if the employer's national insurance contribution for each employed person were to be regarded as a taxable emolument of the employee.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 26th June; Vol. 894, c.213], gave the following information:
The increased yield would be of the order of £1,200 million.