§ Sir W. Smithers
asked the Chancellor of the Exchequer the product of a penny in the £ on Income Tax for 1943–44, and the estimated figure for 1944–45.
§ Sir J. Anderson
On the basis of the existing graduation the product of a penny in the £ on the standard rate of Income Tax for 1943–44 was approximately £10,000,000. For 1944–45 it is estimated to be £11,000,000.