Clause 87

Part of Orders of the Day — Finance Bill – in the House of Commons at 6:30 pm on 8th May 1985.

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Photo of Mr John Heddle Mr John Heddle , Staffordshire Mid 6:30 pm, 8th May 1985

We have heard the exorbitant incremental cost of collection as against the net tax yield, after taking into account taxes that would otherwise be paid, but that assumes that that tax is paid in one year. Does my hon. Friend agree that that tax is phased over an eight-year period, so the net benefit to the Revenue is even less than this figure suggests?