asked the Minister for Finance the total net receipts in respect of corporation profits tax in each of the years 1959-60 to 1968-69 inclusive.
315.
Written Answers. - Tax Receipts.
314.
asked the Minister for Finance the total net receipts in respect of income tax, excluding sur-tax, in each of the years from 1959-60 to 1968-69 inclusive.
316.
asked the Minister for Finance the total net receipts in respect of sur-tax in each of the years 1959-60 to 1968-69 inclusive.
318.
asked the Minister for Finance the total net amount of schedule E tax collected under the PAYE system in each of the years 1960-61 to 1968-69 inclusive.
It is proposed to take Questions Nos. 314, 315, 316 and 318 together. Following is the information requested:
|
Year |
Net receipt of Income Tax (excluding Sur-tax) |
Net receipt of Sur-tax |
Net receipt of Corporation Profits Tax |
Net amount of tax collected under PAYE |
|
£ |
£ |
£ |
£ |
|
|
1959-60 |
22,336,845 |
1,932,156 |
3,043,509 |
|
|
1960-61 |
25,529,628 |
1,736,060 |
3,274,210 |
3,387,472 |
|
1961-62 |
29,413,345 |
1,879,564 |
3,667,444 |
9,063,725 |
|
1962-63 |
33,942,983 |
2,225,521 |
4,515,618 |
11,436,591 |
|
1963-64 |
37,242,228 |
2,176,259 |
7,533,426 |
13,226,214 |
|
1964-65 |
45,234,396 |
2,600,923 |
8,438,879 |
18,923,801 |
|
1965-66 |
52,289,754 |
2,611,590 |
9,320,304 |
21,549,744 |
|
1966-67 |
60,751,857 |
3,236,503 |
9,431,033 |
26,967,287 |
|
1967-68 |
66,868,371 |
3,078,181 |
12,075,911 |
32,107,882 |
|
1968-69 |
77,308,869 |
3,378,735 |
12,857,878 |
38,977,763 |
317.
asked the Minister for Finance the total net amount received under each of the schedules viz schedules A, B, C, D and E in each of the years 1959-60 to 1968-69 inclusive.
The information requested is as follows:
|
Net produce (1) of Income Tax under each schedule |
Total |
|||||
|
Year |
||||||
|
A |
B |
C |
D |
E |
||
|
£ |
£ |
£ |
£ |
£ |
£ |
|
|
1959-60 |
1,490,400 |
88,300 |
555,900 |
13,047,800 |
8,005,100 |
23,187,500 |
|
1960-61 |
1,470,900 |
66,500 |
581,200 |
15,412,400 |
6,106,000(2) |
23,637,000 |
|
1961-62 |
1,295,000 |
66,100 |
493,300 |
15,511,500 |
10,961,300 |
28,327,200 |
|
1962-63 |
1,344,500 |
65,900 |
493,700 |
18,183,000 |
13,820,600 |
33,907,700 |
|
1963-64 |
21,042,228 |
16,200,000 |
37,242,228 |
|||
|
1964-65 |
22,734,396 |
22,500,000 |
45,234,396 |
|||
|
1965-66 |
25,389,754 |
26,900,000 |
52,289,754 |
|||
|
1966-67 |
27,351,857 |
33,400,000 |
60,751,857 |
|||
|
1967-68 |
27,268,371 |
39,600,000 |
66,868,371 |
|||
|
1968-69 |
30,808,869 |
46,500,000 |
77,308,869 |
NOTES
(1) A breakdown of the net receipt of income tax under each schedule is not available. For the years up to and including 1962-63 figures showing the net produce of income tax under each schedule have been given. Net produce of tax is the estimated ultimate yield from the tax assessed in the year, whether actually collected in that year or later, after deducting all discharges and remissions and setting off all repayments. Net produce figures are not available for 1963-64 and subsequent years in consequence of the introduction of the system of "one taxpayer, one charge" in 1963-64 following on recommendations in the Second Report of the Commission on Income Taxation. However, it is possible to make a reasonably reliable estimate of the net receipt of schedule E tax since it consists almost wholly of tax collected under PAYE and under rule 5 of the rules applicable to schedule E. The approximate net receipt of schedule E income tax has been given for the years 1963-64 to 1968-69. The balance of the net receipt for those years is regarded as referable to schedules A, B, C and D.
(2) Excludes an amount estimated at £4,150,000 in respect of the abatement provided for by section 14 of the Finance (No. 2) Act, 1959, in respect of emoluments coming within PAYE