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Written question asked by Steve Webb (Liberal Democrat) on Monday, 9 November 1998, in the House of Commons. It was due for an answer on Monday, 16 November 1998. It was answered by Patricia Hewitt (Labour) on Monday, 16 November 1998 on behalf of the Treasury.

Treasury

Question
To ask Mr Chancellor of the Exchequer, what assessment he has made of the number of firms whose liability to pass on income tax and NICs collected from their employees is likely to be less than their liability to pay working families tax credit to their employees. - (Holding answer 12 November 1998).
Answer

Mr. Webb: To ask the Chancellor of the Exchequer what assessment he has made of the number of firms whose liability to pass on income tax and NICs collected from their employees is likely to be less than their liability to pay working families tax credit to their employees. [59450] Ms Hewitt: [holding answer 12 November 1998]: The Government's intention is that any employers who can show that the income tax and NICs which they collect will not be sufficient to pay working families' tax credit to their employees will be able to obtain funding from the Inland Revenue. Reliable estimates of the number of firms which might be involved are not available at this stage.

Secondary information

Type
Written question
Reference
319 c363W; 59450
Session
1997-98
Subjects
Companies Income tax National insurance contributions Working families tax credit