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Mr. Meacher
asked the Chancellor of the Exchequer what was the total revenue received annually by the Exchequer in income tax since 1938; and what percentage each of these figures represented of total Government receipts from taxation from all sources for that year.
Mr. Higgins
The figures are given in the table below.
Yield of income tax | Income tax as a percentage of total central government taxation | |
£ million | ||
1938 | 312 | 35·6 |
1939 | 346 | 35·3 |
1940 | 473 | 34·2 |
1941 | 664 | 31·0 |
1942 | 850 | 33·2 |
1943 | 1,113 | 36·5 |
1944 | 1,279 | 39·2 |
1945 | 1,353 | 41·4 |
1946 | 1,262 | 39·7 |
1947 | 1,141 | 35·9 |
1948 | 1,228 | 34·9 |
1949 | 1,385 | 37·3 |
1950 | 1,420 | 38·1 |
1951 | 1,504 | 37·4 |
1952 | 1,670 | 39·5 |
1953 | 1,714 | 40·7 |
1954 | 1,762 | 40·3 |
1955 | 1,964 | 42·0 |
1956 | 2,020 | 42·1 |
1957 | 2,190 | 42·8 |
1958 | 2,285 | 43·1 |
1959 | 2,328 | 42·7 |
1960 | 2,285 | 40·9 |
1961 | 2,565 | 41·7 |
1962 | 2,846 | 42·5 |
1963 | 2,823 | 42·0 |
1964 | 2,941 | 40·9 |
1965 | 3,374 | 41·8 |
1966 | 4,120 | 45·8 |
1967 | 3,666 | 36·8 |
1968 | 4,168 | 36·3 |
1969 | 4,779 | 36·3 |
1970 | 5,524 | 37·5 |
1971 (Provisional) | 6,192 | 40·6 |