§ Mr. Meacherasked the Chancellor of the Exchequer what was the total revenue received annually by the Exchequer in income tax since 1938; and what percentage each of these figures represented of total Government receipts from taxation from all sources for that year.
§ Mr. HigginsThe figures are given in the table below.
Yield of income tax Income tax as a percentage of total central government taxation £ million 1938 312 35.6 1939 346 35.3 1940 473 34.2 1941 664 31.0 1942 850 33.2 1943 1,113 36.5 1944 1,279 39.2 1945 1,353 41.4 1946 1,262 39.7 1947 1,141 35.9 1948 1,228 34.9 1949 1,385 37.3 1950 1,420 38.1 1951 1,504 37.4 1952 1,670 39.5 1953 1,714 40.7 1954 1,762 40.3 1955 1,964 42.0 1956 2,020 42.1 1957 2,190 42.8 1958 2,285 43.1 1959 2,328 42.7 1960 2,285 40.9 1961 2,565 41.7 1962 2,846 42.5 1963 2,823 42.0 1964 2,941 40.9 1965 3,374 41.8 1966 4,120 45.8 1967 3,666 36.8 1968 4,168 36.3 1969 4,779 36.3 1970 5,524 37.5 1971 (Provisional) 6,192 40.6 The figures for income tax relate only to that tax and exclude other taxes included as "taxes on income" in the national accounts, e.g., surtax, profits tax, 28W corporation tax. Total central Government taxation includes all the taxes shown in the national accounts as taxes on income, taxes on expenditure and taxes on capital but excludes national insurance and similar contributions.