HC Deb 13 May 1975 vol 892 c82W
Mr. Spence

asked the Chancellor of the Exchequer if he will identify the type and nature of fringe benefits and favourable facilities having a cash benefit enjoyed by work people earning less than £5,000 per annum in British industry, trade, commerce and business; and how much he estimates the Exchequer would benefit if all these benefits were subject to taxation as income.

Mr. Robert Sheldon

A wide variety of benefits in kind are provided by employers in the private sector for employees earning less than £5,000 a year. Examples are the private use of employer-owned cars and loans at a less than a commercial rate of interest. The extent to which benefits are provided varies considerabley between different employers, and the information on which to base a reliable estimate of the yield from taxing all benefits is not available.