HC Deb 17 May 1915 vol 71 cc1988-9W

asked the Secretary to the Treasury if he will state the sum raised by Income Tax under Schedule B for the years 1913–14 and 1914–15, and the estimated sum to be raised for the present financial year; also an estimate of the sum that would be raised in the present financial year if the tax collected under Schedule B was based on the two-thirds of the rental value of, as now, on one-third?


Final figures for 1913–14 and 1914–15 are not yet available, but the approximate net yield was £190,000 for the former and £260,000 for the latter year. The yield for the current year is estimated at £390,000. On the hypothesis referred to in the latter part of the question, the amount which might be raised is roughly estimated at about £1,000,000.