HC Deb 01 June 1921 vol 142 cc1066-7W

asked the Financial Secretary to the Treasury how much of the £394,146,000 received during the past year from property, income, and Super-tax was derived from property and Income Tax and how much from Super-tax; and what was the amonnt of the yield of property and income from a 1d. Income Tax?


The estimated allocation of the Exchequer Receipt of Income Tax and Super-tax for 1920–21 is as follows:—

Income Tax £338,865,000
Super-tax 55,281,000
The estimated net produce per penny of Income Tax for the year of account 1920–21 is £4,860,000.


asked the Chancellor of the Exchequer the amount of Income Tax due in the financial year 1920–21 which has not yet been collected; whether, in his Budget Estimate for 1921–2, he took his anticipated payment into account; and, if so, whether he did so at its face value?


The estimated amount of Income Tax due for payment in the financial year 1920–21 which had not been collected by the 30th April, 1921, is £40,000,000. This amount represents the estimated sum collectable after that date, and due allowance is made in the Budget Estimates for 1921–22 for this factor.