§ Sir H. BUCKINGHAMasked the Chancellor of the Exchequer what proportion of Super-tax due for payment on 1st January, 1924, was paid between that date and 4th April, 1924; and what proportion was paid between 4th April, 1924, and 31st December, 1924?
§ Mr. CHURCHILLOn the 31st December, 1924, the approximate total amount of Super-tax assessed and demanded (less tax found due to be remitted) in respect of the year 1923–24 was £60,639,000. The position at the dates stated below was as follows:
§ Mr. CHURCHILLI fear I cannot regard my hon. and gallant Friend's suggestions as practicable. In the reply which I gave him on 19th February I indicated that in my judgment the suggestions would not lead to economy, nor do they conform to the conditions imposed by a system of collection of Income Tax at the source.
§ Mr. T. WILLIAMSasked the Chancellor of the Exchequer what, approximately, down to the latest available date, are the proportions of Income Tax collected at the source and from individuals, respectively?
§ Mr. CHURCHILLIt is estimated that in the year 1923–24 approximately 70 per cent. of the net receipt of Income Tax was collected at the source.
§ Mr. PALINGasked the Chancellor of the Exchequer the yield per penny of the Income Tax in each of the financial years 1922–23, 1923–24, and 1924–25?
1539W
§ Mr. CHURCHILLI would refer the hon. Member to the reply which I gave the hon. Member for Don Valley (Mr. T. Williams) on the 31st March. I am sending him a copy of that reply.
§ Mr. PALINGasked the Chancellor of the Exchequer the estimated figures for the financial year ended 31st March, 1924, showing the gross income brought under review for Income Tax and Super-tax, the estimated income liable to tax before deduction of personal allowances, etc., and the estimated total net income on which Income Tax was paid?
§ Mr. CHURCHILLThe following estimates have been made for the year 1923–24:
£ millions. Gross income brought under review 3,050 Actual income liable to tax (before deduction of personal allowances, etc.) 2,300 Taxable income 1,300
§ Mr. PALINGasked the Chancellor of the Exchequer the estimated total number of individuals with incomes above the
Taxation Revenue per Heal. — U.K. France. Germany (Reich). Italy. U.S.A. (Federal). £ s. d. Francs. Marks. Lire. Dollars. 1913 or 1913–14 … 3 11 4 84.5 31.3 53.8 6.8 1919 or 1919–20 … 21 14 5 221.1 —* 179.3 53.8 1920 or 1920–21 … 22 0 8 393.2 —* 248.7 45.2 1921 or 1921–22 … 18 1 10 426.9 —* 313.9 32.5 1922 or 1922–23 … 17 8 1† 467.7 —* 327.7 28.6 1923 or 1923–24 … 16 1 10† 522.7 —* 373.2 29.7 1924 or 1924–25 … 15 7 2† 676.1 Budget estimates 83.9 Reichs marks per head. Actual receipts 11 months to February, 1925 105.1 Reichs marks per head. 341.7‡ 26.8‡ *Owing to the depreciation of the paper mark, figures of receipts varied so constantly as to be of little value. †Excluding Irish Free State. ‡Estimates.