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Taxation

Volume 975: debated on Monday 3 December 1979

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asked the Chancellor of the Exchequer if he will list in order, with the most efficient at the top, all the various forms of taxation at present in use with the criteria for most efficient being the least expensive to collect.

:The information in the following table relates to the financial year 1978–79, which is the latest year available. It does not, therefore, include the effect of changes made in the June Budget such as the unification of VAT at 15 per cent.—which would be expected to reduce substantially the cost of collection as a percentage of revenue.

Cost as a Percentage of revenue outturn1978–79*
Tobacco products duties0·1
Petroleum revenue tax0·2
Car tax0·2
Hydrocarbon oil duties0·2
National insurance surcharge0·7†
Alcohol duties0·8
Stamp duty and capital duty1·1
Duties on matches and mechanical lighters1·1
Betting and gaming duties1·1
Agricultural levies1·2
Value added tax1·9
Income tax—including surtax—and corporation tax2·0
Capital taxes3·5
Customs duties4·5
Vehicle excise duties4·7§
* The cost figures are based on total expenditure, current and capital, incurred by the respective Departments and other departments on their behalf.
† Estimated.
‡ Capital transfer tax—including estate duty—capital gains tax, and development land tax.
§ Total cost of administering vehicle registration and licensing systems.