47.
asked the Chancellor of the Exchequer what was the amount of unpaid arrears of Income Tax, Supertax, Corporation Profits Tax, and Excess Profits Duty on 30th September in 1922 and 1921, respectively?
As the answer necessarily contains a large number of figures, I will, with my hon. Friend's permission, circulate it in the OFFICIAL REPORT.
Following is the answer:
The approximate amounts of Income Tax and Super-tax estimated to be due to be paid, but not paid by the 30th September, 1921, and 1922, were as follow:
| — | Great Britain and Northern Ireland. | |
| 30th Sept., 1921. | 30th Sept., 1922. | |
| £ | £ | |
| Income Tax, including the instalment due on 1st July. | 24,000,000 | 36,000,000 |
| Super-tax | 7,000,000 | 12,500,000 |
Analogous figures are not available for the other duties mentioned, but the approximate, amounts in assessment, but unpaid (less sums shown due to be remitted), were as shown below. It will be understood that these arreas do not represent finally ascertained liabilities. In the case of Excess Profits Duty especially, considerable sums are subject to adjustment on appeal or otherwise, and the Duty to be ultimately received by the Exchequer will fall far short of the amount stated.
| £ | £ | |
| Excess Profits Duty | 296,000,000 | 256,000,000 |
| Corporation Profits Tax | 10,000,000 | 12,970,000 |