asked the Minister for Finance what reduction in revenue would result from a reduction of three-pence on the income tax rate of 4/9d payable under PAYE.
Vol. 208 No. 7
asked the Minister for Finance what reduction in revenue would result from a reduction of three-pence on the income tax rate of 4/9d payable under PAYE.
The cost of reducing the standard rate of income tax by 4d in the £ which would lower the rate of tax, where earned income relief of one fourth is due, by 3d to 4s 6d in the £ would be about £2¼ million in a full year.
