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Direct Taxes

Volume 951: debated on Tuesday 13 June 1978

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asked the Chancellor of the Exchequer if he will list the proportion of the total yield from direct taxes attributable to each of the direct taxes listed in the reply given to the hon. Member for Farnham on 25th May.

The proportions of total yield from direct taxes for 1977–78, after the Finance Act and after the October measures, were as follows:

Percentage of total direct taxes
TaxAfter the Finance ActAfter the October Measures
Income Tax69·668·5
Surtax0·10·1
Corporation Tax12·713·2
Petroleum Revenue Tax
Capital Gains Tax1·31·3
Estate Duty0·30·3
Capital Transfer Tax1·21·2
Development Land Tax
Employees' National Insurance Contributions14·715·3
Special Chargen.a.n.a.
Profits Taxn.a.n.a.
Less than half the final digit shown.
n.a. Not applicable.

Source: FSBR 1978–79 Receipts by the Consolidated Fund.