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Industrial And Provident Societies

Volume 933: debated on Monday 13 June 1977

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asked the Chancellor of the Exchequer what would be the cost to the Revenue if the first £15 of share interest credited to members of societies registered under the Industrial and Provident Societies Acts were treated as free of tax on the basis of an income tax rate of 33 per cent.

I regret that the information on which to base an estimate is not available.