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Income Tax

Volume 832: debated on Wednesday 1 March 1972

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asked the Chancellor of the Exchequer if he will estimate revenue from income tax as a percentage of personal incomes in the financial year 1971–72: and how this compares with the comparable figure for 1970–71.

Income tax payments in 1970–71 were about 13·6 per cent. of total personal income as defined for the purposes of the national income accounts. An estimate for 1971–72 is not yet available.