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Capital Taxation

Volume 21: debated on Wednesday 7 April 1982

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asked the Chancellor of the Exchequer if he will set out the proportion of Government revenue derived from capital taxation in each year since 1970–71 and including an estimate for 1982–83.

Following is the information:

AB
Capital TaxationGovernment RevenueA as a percentage of B
£ million£ million
1970–7159115,8433·7
1971–7267316,9324·0
1972–7376317,1784·4
1973–7494118,2265·2
1974–7592623,5703·9
1975–7684929,4172·9
1976–7786533,7782·6
1977–7891238,7732·4
1978–7992343,0882·1
1979–801,10554,3312·0
1980–811,22766,2131·9
1981–82*1,65176,2882·2
1982–8†1,37082,8951·7
* Estimated Outturn
†Forecast