HAPPIER DAYS FOR BRITISH TAXPAYERS
Correspondent. )
? (Special
Received Tuesday, 7 p.m. LONDON, July 8. During the next two weeks the Chancellor of the Exchequer will be seen m a rather more benevolent role than .rym-al. This week 10,000,000 taxpavers will receive the accumulated diiferences between the old rate of pay-as-you-earn incoine tax and the new rates as announeed in Mr. Dalton 's Budget in April. Reduetions in the incoine tax then announced, together with ehild allowances and dependent relative allowances, will cost the Treasury £7(5,000,000 between now and next April. As from this week 750,000 people who previously paid the tax will be entirely exempted. The remaining 9,500,000 will receive remissions due to them by way of a reduction from this week's payments. The following week 250,000 people will receive payments totalling £45,000,000 in settlement of deferred claims for war damage. A sum oi £65,000,000 has already been paid out in respect of war damage claims and as reeeipts from war damage insurance have been only £6,000,000 the delicit ot about £104,000,000 must be paid by the State.
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Bibliographic details
Chronicle (Levin), 9 July 1947, Page 5
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178HAPPIER DAYS FOR BRITISH TAXPAYERS Chronicle (Levin), 9 July 1947, Page 5
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