§ Mr. DALTONasked the Chancellor of the Exchequer if he will state, for each financial year from 1918–19 onwards, the number of persons liable to Super-tax, their aggregate income, their aggregate contribution to the revenue in respect of Income Tax and Super-tax, respectively, and the percentage of their aggregate income which such contributions represent?
§ Mr. CHURCHILLThe following particulars have been prepared.
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Year. Number of Individuals chargeable to Super-tax. Total Income. Tax payable. Super-tax. Income Tax for preceding year. Total Assumed Rate per £ of Total Income. Amount. Amount. Per cent, of Total Income. 1. 2. 3. 4. 5. 6. 7 8. United Kingdom. £ £ s. d. £ £ £ 1918–19 47,869 355,754,013 40,590,701 4 10 85,975,000 126,565,701 35.6 1919–20 54,526 409,997,477 47,520,743 5 9.6 118,900,000 166,420,743 40.6 1920–21 78,850 516,000,000 70,000,000 5 9.6 149,640,000 219,640,000 42.6 1921–22 91,500 564,000,000 73,700,000 5 4.8 152,280,000 225,980,000 40.1 1922–23 89,000 509,000,000 62,400,000 5 4.8 137,430,000 199,830,000 39.3 Great Britain and Northern Ireland. 1923–24 89,000 510,000,000 62,500,000 4 6 114,750,000 177,250,000 34.8 NOTES:— 1. In columns 2 to 4 the figures for 1918–19 and 1919–20 are final; those for later years are estimated. 2. The Income Tax for the preceding year has been shown in each case, as the Super-tax assessment is based on the income as liable to Income Tax for the preceding year. 3. Income Tax being mainly collected at the source, no statistics are available of he tax borne by individuals liable to Super-tax. The Income Tax shown in column 6 has been based on the average effective rate in the £ estimated to be applicable to incomes liable to Super-tax as stated in column 5. 4. The point, at which Super-tax became chargeable was £2,500 for 1918–19 and 1919–20, and £2,000 for the subsequent years.