§ Ms PrimaroloTo ask the Chancellor of the Exchequer how much revenue would be lost to the Exchequer by a 1p reduction in the basic rate of income tax; and how much would be generated by an increase in the basic rate of one penny in the pound.
§ Mr. DorrellThe direct revenue effect of a 1p reduction or increase in the basic rate of income tax in a full year would be £1.8 billion at 1994–95 levels of income.
§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer, pursuant to his answer of 17 May,Official Report, column 397, when the 1993 figures for uncollected schedule D tax will be available.
§ Mr. DorrellThe figure for uncollected schedule D tax for the account year 1993 will be included in the Board of Inland Revenue's annual report in the autumn.