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Income Tax And Surtax (Statistics)

Volume 527: debated on Thursday 13 May 1954

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35.

asked the Chancellor of the Exchequer how much revenue was produced by Income Tax and Surtax in the years ended April, 1910, 1921, 1935 and 1954, respectively; and what percentage this represented of the total revenue of the year in each case.

As the answer to this Question contains a number of figures I will, with permission, circulate it in the OFFICIAL REPORT.

Can my hon. Friend say whether the amount which is being produced by direct taxation has been falling in the last period, and whether he expects that this tendency will continue in the future?

In the four years which my hon. Friend selected, the figures which I give in the answer which I will circulate show an increase.

Following is the information:

The table below shows in thousands of pounds the total Exchequer receipt from Income Tax and Surtax compared with the total ordinary revenue in the four selected financial years.

Financial YearIncome Tax and SurtaxTotal Ordinary RevenuePercentage
£'000£'000
1909–1013,295131,69610·1
1920–21394,1461,425,98527·6
1934–35280,042804,62934·8
1953–541,863,3914,368,13042·7