Income Tax and Sur-Tax

HC Deb 23 November 1943 vol 393 c1462W

Sir F. Sanderson

asked the Chancellor of the Exchequer the amount of Income Tax and Sur-Tax payable for the financial years 1937–38, 1938–39, 1939–40, 1940–41, 1941–42 and 1942–43?

Sir J. Anderson

The total Income Tax payable in respect of assessments made in the years 1937–38 to 1942–43 inclusive is- estimated as follows:

			£000's
1937–38	…	…	296,041
1938–39	…	…	330,831
1939–40	…	…	403,040
1940–41	…	…	603,000
1941–42	…	…	960,000
1942–43	…	…	1,125,000

The total Sur-tax payable in respect of assessments so far made for the years 1937–38 to 1942–43 is estimated as follows:

			£000's
1937–38	…	…	66,023
1938–39	…	…	72,175
1939–40	…	…	78,920
1940–41	…	…	76,111
1941–42	…	…	73,715
1942–43	…	…	not yet known

Further Sur-Tax assessment may be made up to six years after the end of the year of assessment, so that the figures given above are not yet complete.