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Tax Revenue

Volume 130: debated on Thursday 31 March 1988

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To ask the Chancellor of the Exchequer how much has been raised under the main heads of tax in 1986–87 and 1987–88.

Following is the information :

£ million
1986–871987–88 latest estimate
Income tax38,50041,400
Corporation tax113,50015,600
Petroleum revenue tax21,1902,330
Capital gains tax1,0601,350
Development land tax5525
Inheritance tax9901,070
Stamp duties1,8602,440


1987–88 latest estimate

Total inland revenue57,20064,200
Value added tax21,40024,100
Petrol, derv, etc.7,5007.800
Cigarettes and other tabacco4,8004.800
Spirits, beer, wine, cider and perry4,2004,400
Betting and gaming780810
Car tax9601,150
Other excise duties2020
EC own resources customs duties etc.1,3001,470
agricultural levies250190
Total customs and excise41,10044,700
Vehicle excise duties32,5802.700
Gas levy520500

1 Includes net ACT.

2 Includes advance petroleum revenue tax.

3 Includes driving licence receipts.