§ 39 Mr. WESTasked the Chancellor of the Exchequer (1) the total actual income assessed for income Tax and Surtax in 1922–23 and 1929–30; and the net produce of those taxes and the effective rate per £;
(2) the amount of revenue he expects from Income Tax and Surtax during the 180 current year; and what, approximately, will be the effective rate per £ of the actual incomes assessed;
(3) what were the total incomes assessed for Surtax, and the net tax paid thereon, in 192e4–25 and 1929–30 or the last available period?
§ Mr. P. SNOWDENThe latest statistical information regarding the incomes assessed to Income Tax and Surtax for past years will be found in the Income Tax and Surtax sections of the 73rd Annual Report of the Commissioners of Inland Revenue (Command Paper No. 3802). As regards the current year I cannot at present add anything to my Budget statement.
§ Mr. WESTIs it not a fact that the actual income assessed during this period has increased by £200,000,000, while the effective rate per pound has decreased from 2s. 6d.to 1s. 10d.?
§ Mr. SNOWDENIf the hon. Member will look at the publications to which I have referred him, he will find the facts and figures.