§ 26. Mr. Sternasked the Chancellor of the Exchequer whether he has any plans to increase the amount of £1,000 referred to in the Finance Act 1972, schedule 16, paragraph 1(3), as the excess of relevant income over distribution, to a close company which is capable of being apportioned among the participators in that company.
§ Mr. MooreI have at present no plans to do so. However, the 1984 Finance Bill will include a provision to increase the limit below which close company income apportioned to an individual is not assessed to income tax.