§ 55. Mr. CLOUGHasked the Chancellor of the Exchequer to give the gross and net amounts received from, and in each case indicate the cost of collecting, the following taxes during the first nine months of the present financial year: Income Tax, Super-tax, Excess Profits Duty, and the duties on sugar, tea, beer, spirits, wines, and entertainments?
§ 62 and 63. Mr. KILEYasked the Chancellor of the Exchequer (1) the amount of revenue received during the year 1920 from the duty of 33 per cent. levied on imported watches and clocks; whether it is possible, to give the proportion received on component parts used by manufacturers and repairers;
(2) the amount of revenue received during the year 1920 from the duty of 33⅓ per cent. levied on imported musical instruments; and what proportion of this was derived from component parts used by the manufacturers of musical instruments in this country?
§ The following are the answers mentioned:—
§ The particulars of the gross and net amounts received from these duties during the first nine months (1st April-31st December) of the current financial year (1920–1921) are as follow:—
— | Gross Receipts. | Net Receipts. |
£ | £ | |
Income Tax | 177,800,000 | 143,222,000 |
Super-tax | 12,887,000 | 12,711,000 |
Excess Profits Duty and Munitions Levy, after adjustments between E.P.D. and Coal Levy. | 166,720,000 | 158,221,000 |
Sugar— | ||
Imported | 21,436,000 | 20,963,000 |
Home-grown | 923,000 | 912,000 |
Total Sugar | 22,359,000 | 21,875,000 |
Tea | 12,774,000 | 12,760,000 |
Beer— | ||
Imported | 10,000 | 10,000 |
Home-made | 92,529,000 | 91,343,000 |
Total Beer | 92,539,000 | 91,353,000 |
Spirits— | ||
Imported | 13,450,000 | 13,417,000 |
Home-made | 47,366,000 | 41,929,000 |
Total Spirits | 60,816,000 | 55,346,000 |
Wine | 2,283,000 | 2,258,000 |
Entertainments Tax. | 8,522,000 | 8,397,000 |
§ The revenue received from imported watches and clocks and musical instruments in the period from 1st January to 31st December, 1920, was as follows:
§ From imported watches and clocks, £910,600 (of which £211,200 was derived from component parts).
§ From imported musical instruments, £466,300 (of which £225,900 was derived from component parts).