asked the Minister for Finance what would be the yield from an additional customs and excise duty to be raised by increasing the rate of duty by two and a half per cent, consumption remaining static at 1963-64 level and for a full year, on (1) tobacco, (2) wine, (3) spirits, (4) beer, (5) matches, (6) motor cars, (7) tyres, (8) petrol and (9) other oils, in the form of a reply to Question No. 7 of 2nd July, 1963.
Written Answers. - Revenue from Increased Duties.
104.
The following statement gives the information requested:
Estimate of additional revenue which would be obtained in a full year by increasing the rates of the existing customs and excise duties on the undermentioned items by 2½ per cent, assuming that the quantities retained for home use and, in the case of items (6) and (7) the values, remained the same as in the year 1963/64.
|
Item |
Estimated additional yield (Customs & Excise) |
|
£ |
|
|
(1) Tobacco |
830,000 |
|
(2) Wine |
14,000 (a) |
|
(3) Spirits |
255,000 |
|
(4) Beer |
285,000 |
|
(5) Matches |
12,000 |
|
(6) Motor vehicles, parts and accessories (including imported tyres) |
110,000 (b) |
|
(7) Tyres (excluding imported tyres) |
13,000 |
|
(8) Mineral hydrocarbon light oil |
370,000 (c) |
|
(9) Hydrocarbon oils, other sorts |
68,000 |
(a) Relates to imported wine only; home-made wine is not subject to duty.
(b) Does not include duty chargeable under the Finance (Excise Duties) (Vehicles) Act, 1952.
(c) Practically all the receipts under this heading are derived from petrol.