It is proposed to take Questions Nos. 105, 106, 130 and 131 together.
Under the system of "one taxpayer, one charge" introduced in 1963-64 following on recommendations in the Second Report of the Commission on Income Taxation, a single assessment is made on the taxpayer in respect of his total income. The amount of tax due is stated in one sum without regard to the particular Schedules under which the relevant income arises. The tax referable to particular Schedules does not emerge under the new system and accordingly figures are not available, for 1963-64 or subsequent years, of the net produce of tax under each Schedule.
As regards Schedule E tax, however, since it consists almost wholly of tax collected under PAYE and under Rule 11 of the Rules applicable to Schedule E, it is possible to make a reasonably reliable estimate of the net receipt.
The amount of income tax collected under Schedule E in 1964-65 was £22.5 million approximately of which £18.9 million was referable to Pay As You Earn. It is estimated that the Schedule E tax to be collected in 1965-66 will amount to approximately £26.4 million of which £21.3 million will be collected under Pay As You Earn.
If the Deputy puts down a further question after the Easter recess, I shall be glad to give him particulars of the actual out-turn of the Schedule E collection for 1965-66.