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Income Tax (Covenants)

Volume 299: debated on Thursday 31 July 1997

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To ask the Chancellor of the Exchequer what is his estimate of the amount of income tax recovered by charities or charitable covenants for the latest year available. [10766]

[holding answer 29 July 1997]: Income tax repayments and payments of tax credits to charities were £755 million in 1996–97, of which around £250 million were repayments at the basic rate of tax for donations under deeds of covenant.