Skip to main content

Taxation Revenue

Volume 884: debated on Friday 24 January 1975

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer (1) by what percentage it would be necessary to raise indirect taxation in order to obtain the same revenue as at present levied by direct and indirect taxation;(2) what is the latest estimate of the total revenue from direct taxation and indirect taxation, respectively, in the current year.

The latest estimates for the yield of central Government taxes in the current financial year are as follows:

£ million
Direct taxation14,111
Indirect taxation8,205
To obtain the same total revenue as at present from indirect taxation alone would, therefore, necessitate an increase in receipts from indirect taxation of 172 per cent.