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Income Tax (Arrears)

Volume 155: debated on Tuesday 13 June 1922

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24.

asked the Chancellor of the Exchequer what are the arrears of Income Tax at the present time, excluding the second instalments due in July, as compared with corresponding figures for the three previous years?

The approximate amounts of Income Tax estimated to be due to be paid (excluding the second instalment due on the 1st July following), but not paid by the 31st May, were as follow:—

United Kingdom.
£
31st May, 191924,000,000
31st May, 192029,000,000
31st May, 192139,000,000
31st May, 192264,000,000

In the exceptional circumstances of the present time, the estimate for 1922 is necessarily subject to a considerable margin of error.