asked the Minister for Finance if he will state in respect of the last six financial years (1) the net receipts of (a) income tax, (b) surtax, and (c) corporation profits tax, (2) the number of taxpayers in each category, and (3) the total income assessed in each category.
Written Answers. - Income Tax, Surtax and Corporation Profits Tax Receipts.
23.
Some of the information requested is not yet available in respect of the financial year, 1962-63. The other information is as follows:—
(1) Net Receipts:
|
(a) |
(b) |
(c) |
|
|
Income Tax |
Sur-tax |
Corporation Profits Tax |
|
|
£000's |
£000's |
£000's |
|
|
1957-58 |
23,010 |
2,193 |
2,930 |
|
1958-59 |
22,749 |
2,151 |
2,775 |
|
1959-60 |
22,337 |
1,932 |
3,044 |
|
1960-61 |
25,530 |
1,736 |
3,274 |
|
1961-62 |
29,413 |
1,880 |
3,667 |
|
1962-63 |
33,941 |
2,226 |
4,516 |
(2) Estimated Number of Taxpayers:
|
(a) |
(b) |
(c) |
|
|
Income Tax |
Sur-tax |
Corporation Profits Tax |
|
|
1957-58 |
202,000 (i) |
10,000 |
1,600 |
|
1958-59 |
217,000 (i) |
5,000 |
1,600 |
|
1959-60 |
227,000 (i) |
5,500 |
1,600 |
|
1960-61 |
227,000 (i) |
4,000 |
1,700 |
|
1961-62 |
257,000 (i) |
4,500 |
1,800 |
|
1962-63 |
Material on which estimates could be based not yet available. |
(i) These figures include an estimate of 6,500 in respect of companies chargeable to Income Tax.
(3) Income Assessed:
|
(a) |
(b) |
(c) |
|
|
Income Tax |
Sur-tax (ii) |
Corporation Profits Tax (iii) (iv) |
|
|
£000's |
£000's |
£000's |
|
|
1957-58 |
218,732 |
35,358 |
30,198 |
|
1958-59 |
225,669 |
33,839 |
30,213 |
|
1959-60 |
246,060 |
23,166 |
33,569 |
|
1960-61 |
243,320 (ii) |
22,138 |
40,741 |
|
1961-62 |
273,150 (ii) |
17,600 |
43,963 |
|
(Est) |
|||
|
1962-63 |
Particulars not yet available. |
(ii) The figures for 1960-61 and 1961-62 do not fully correspond with those for earlier years. The 1960-61 and 1961-62 figures include, in the case of individuals within the scope of Pay As You Earn, the aggregate income of those individuals only who were effectively liable to Income Tax.
(iii) The figures in columns (b) and (c) are subject to adjustment according as further discharges are made.
(iv) The figures relating to Corporation Profits Tax represent profits on which tax was actually charged and are exclusive of the non-liable margins of £2,500.