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Revenue

Volume 886: debated on Monday 10 February 1975

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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.

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
1974–751973–74
Direct taxation14,11110,444
Indirect taxation8,2057,008
Less subsidies2,8991,377
NET TOTAL19,41716,075