HC Deb 18 May 1954 vol 527 c1899
62 Mr. H. A. Price

asked the Chancellor of the Exchequer what the yield to the Treasury would be during the current financial year from all sources, at the taxation level ruling during the financial year 1950–51.

The Chancellor of the Exchequer (Mr. R. A. Butler)

The yield of Inland Revenue duties in 1954–55 at 1950–51 rates of tax would be about £2,565 million, compared with the Budget estimate of £2,385 million. The corresponding figures for Customs and Excise revenue would be approximately £1,715 million and £1,781.5 million respectively.