§ Mr. Ralph Howellasked the Chancellor of the Exchequer if he will list any countries that have higher starting rates for income tax than the 35 per cent. rate in the United Kingdom and any countries that have a top limit of income tax above the 83 per cent. in the United Kingdom.
550Wits own independent audits there. The Financial Regulation of 25th April 1973, which lays down the powers of the Audit Board, does not provide for the Board to carry out independent audits in member States. The Audit Court, which will be set up when the Treaty signed on 22nd July 1975 has been ratified by all member States, will have the power to carry out independent audits. It is the hope of Her Majesty's Government that ratification will be completed in the near future.