§ Mr. Maurice Macmillanasked the Chancellor of the Exchequer what is the estimated yield of the investment income surcharge in the current financial year.
§ Mr. Robert SheldonAbout £275 million.
§ Mr. Maurice Macmillanasked the Chancellor of the Exchequer what proportion of the yield of the investment income surcharge arises from payments (a) by taxpayers aged 60 years and over and (b) by taxpayers aged 65 years and over.
§ Mr. Robert SheldonI regret that it is not possible to give an estimate of the proportion of the investment income surcharge paid by taxpayers aged 60 years and over, but for those aged 65 years and over it is estimated at about 42 per cent. of the total yield for 1976–77.
§ Mr. David Mitchellasked the Chancellor of the Exchequer what is the annual yield of the investment income surcharge to the latest available date.
§ Mr. Robert SheldonAbout £275 million for 1976–77.