§ 6. Mr. Ogdenasked the Chancellor of the Exchequer what was the annual amount received from petrol tax for the years 1960, 1961, 1962, 1963, 1964 and 1965; and what was the annual amount received from car registration fees for the same years.
§ Mr. MacDermotWith permission I will circulate a table of figures in the OFFICIAL REPORT.
§ Mr. OgdenCan my hon. and learned Friend say how much it would cost the Inland Revenue account to register one car?
§ Mr. MacDermotNot without notice.
§ Following in the table:
Estimated revenue from tax on road fuel | Estimated revenue from vehicle excise duties on cars | ||
£ million (figures for Great Britain) | |||
1960 | … | 342 | 71 |
1961 | … | 383 | 83 |
1962 | … | 431 | 100 |
1963 | … | 461 | 111 |
1964 | … | 529 | 122 |
1965 | … | 663 | 147 |
§ 7. Mr. Ogdenasked the Chancellor of the Exchequer what would be the loss to the Exchequer if the annual registration fee was reduced from £17 10s. per annum to £2 10s. per annum; and how much per gallon would have to be added to the present tax on petrol in order to recoup such a loss
§ Mr. MacDermot£145 million and 8d. per gallon.
§ Mr. OgdenI do not ask my hon. and learned Friend to anticipate his right hon. Friend's Budget, but I suggest that he has sufficient information in these two Questions to form the basis of a reasonable reform in April.
§ Mr. MacDermotI do not know whether my hon. Friend appreciates that, 1235 since commercial and industrial vehicles use more petrol than private vehicles, what he is proposing would represent a substantial shift in taxation from private motoring to industrial costs.