asked the Minister for Finance if wages or salary paid in lieu of notice is not taxable.
Written Answers. - Wages and Salary Taxation.
328.
Under provisions introduced in 1964 and reproduced in Chapter II of Part V of the Income Tax Act, 1967, a payment which represents salary or wages in lieu of notice is not assessable to tax unleSs it exceeds £3,000 in which case only the excess over that amount is chargeable.
|
1975 |
1976 |
1977 |
|
|
Total amount of Exchequer Borrowing |
£601.1 million |
£505.6 million |
£545.2 million |
|
Total amount of Exchequer Borrowing as a percentage of GNP |
16.3% |
11.3% |
10.2% |
|
Cost of servicing the public debt |
£241.5 million |
£337.0 million |
£403.3 million |