§ Mr. Teddy Taylorasked the Chancellor of the Exchequer by what number of pence the standard rate of income tax would now require to be increased, assuming no change in current personal and other allowances, if the entire burden of domestic rates were transferred to national income tax.
§ Mr. MooreExcluding rate rebates financed by central Government and domestic rate relief, the yield of domestic rates in 1983–84 (latest available year) is estimated at nearly £5 billion. An increase of about 5p in the basic rate of inceome tax would be needed to raise the equivalent revenue.