§ Mr. Cordleasked the Chancellor of the Exchequer what would be the estimated reduction in tax yield for the year 1975–76 if the recent increases in national insurance contributions for self-employed persons were to be designated as an allowable expense.
§ Mr. Robert SheldonOn the assumption that the hon. Member has in mind the introduction of the self-employed earnings related Class 4 contributions, information on which to base a precise calculation is not available but it is estimated that the cost would be about £25 million.
§ 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 SheldonI will let the hon. Member have a reply as soon as possible.