HC Deb 03 July 1919 vol 117 c1165
74. Mr. RAFFAN

asked the Secretary to the Treasury if he will state what was the net yield of Schedule A of the Income Tax for the financial year ended 31st March, 1919; and how much of it was obtained in respect of mines and quarries, which are assessed under special pro visions now included in Schedule A, No. III., of the Income Tax Act, 1918?

Mr. BALDWIN

The net receipt of Income Tax under Schedule A in the financial year ended 31st March last is estimated at £21,800,000, but this represents only about one-half of the tax that would have been collected but for the introduction in that year of the system of payment by instalments. Mines and quarries, although included among the concerns enumerated in Schedule A., No. III., are dealt with for assessment purposes under the rules applicable to Schedule D, and the tax collected from them is not, therefore, included in the above figure.