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Excess Profits Levy (Estimated Yield)

Volume 498: debated on Tuesday 8 April 1952

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asked the Chancellor of the Exchequer the estimated gross yield, without allowance for the associated reduction in the rates of Profits Tax, of the Excess Profits Levy.

The hon. Member will find the information in the Financial Statement at page 25. The estimated yield of the Excess Profits Levy is £5 million this year and £200 million in a full year.