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Pay Settlements (Taxation)

Volume 895: debated on Wednesday 9 July 1975

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asked the Chancellor of the Exchequer if he can make an estimate of the percentage of the wage rises won by employees in pay settlements in the past 12 months which will be paid to the Inland Revenue in tax.

I regret that the information on which to base a precise estimate is not available, but the percentage is likely to be close to the basic rate of income tax.