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Tax Revenue

Volume 974: debated on Thursday 29 November 1979

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asked the Chancellor of the Exchequer if he will publish in the Official Report the percentage shares of tax revenue paid by individuals, including revenue from broadcast receiving licences, which are accounted for by direct and indirect taxation, respectively, for the financial years 1973–74, 1977–78, 1978–79 and the forecast shares for the financial year 1979–80.

The information requested is as follows:

Percentage of taxation—including broadcast receiving licences—paid by individuals.
Direct TaxesIndirect Taxes
1973–745842
1977–786139
1978–795941
1979–80—forecase5545
Taxation paid by individuals was derived in the same way as in the answer today to my hon. Friend the Member for Wolverhampton, South-West (Mr. Budgen).

asked the Chancellor of the Exchequer if he will publish in the Official Report the percentage share of total tax revenue, including revenue from broadcast receiving licences, paid by individuals and by corporations, respectively, for the financial years 1973–74, 1977–78, 1978–79 and the forecast shares for the financial year 1979–80.

The figures in the table are based on the conventions used normally to allocate taxes between companies and individuals. VAT and the excise duties are assumed to be borne by consumers. Other taxes are shifted forward more slowly and part of the tax may ultimately be absorbed by companies. The table therefore is an accounting picture of the immediate impact effect of taxation. For petrol duty and some other taxes, the respective proportions borne by individuals and companies are not known precisely.

PERCENTAGE OF TOTAL TAXATION—INCLUDING BROADCAST RECEIVING LICENCES

Paid by individuals

Paid by corporations

1973–747129
1977–787030
1978–797030
1979–80 forecase6832

Taxes assumed paid by:

Individuals only:
  • Income tax
  • Surtax
  • Capital gains tax
  • Estate duties
  • Capital transfer tax
  • Employees' national insurance contributions
  • VAT—except on new cars
  • Excise duties—except petrol duty and rebated oil duty other than kerosene
  • Broadcast receiving licences
Corporations only:
  • Corporation tax
  • Petroleum revenue tax
  • National insurance surcharge
  • Selective employment tax
  • Employers' national insurance contributions
  • Rebated oil duty—except kerosene
Individuals and corporations:
  • Local rates
  • Stamp duties
  • Vehicle excise duty
  • Petrol duty
  • Car tax
  • VAT on new cars
  • Development land tax