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Finance Bill Amendments

Volume 950: debated on Thursday 18 May 1978

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asked the Chancellor of the Exchequer what is the loss to the Exchequer as a result of the recent amendments to the Finance Bill.

If the amendments passed in Committee on 8th and 10th May 1978 were to be enacted, the estimated loss of revenue would be about £445 million in 1978–79, and £520 million, at 1978–79 income levels, in a full year.