§ Mr. Michael Marshallasked the Chancellor of the Exchequer what was the total amount of income tax collected from the self-employed in each of the last six years.
§ Mr. Robert SheldonI will let the hon. Member have a reply as soon as possible.
§ Mr. Paul Deanasked the Chancellor of the Exchequer what would be the cost in loss of revenue of increasing the monetary limit for self-employed pension contributions to £5,000 a year and £10,000 a year, respectively.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 14th February 1977; Vol. 926, c. 96], gave the following information:
The cost would depend on the extent to which the increase in the limit was taken up, but assuming that the present 15 per cent. limit continued and that all those getting relief took full advantage of the increase the additional cost could be up to £25 million and £35 million respectively.