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Mr. Ralph Howell
asked the Chancellor of the Exchequer what is the latest estimate of revenue in 1974–75 from (a) direct taxation and (b) indirect taxation less all subsidies; and how these figures compare with revenue from the same sources in 1973–74.
Dr. Gilbert
The latest estimates on a comparable basis for the yield of central Government taxes and for central Government expenditure on subsidies in the current financial year compared with the figures for 1973–74 are as follows:
| £ million | ||
| 1974–75 | 1973–74 | |
| Direct taxation | 14,111 | 10,444 |
| Indirect taxation | 8,205 | 7,008 |
| Less subsidies | 2,899 | 1,377 |
| NET TOTAL | 19,417 | 16,075 |