HC Deb 30 April 1968 vol 763 cc167-9W
Mr. Hooley

asked the Secretary of State for Commonwealth Affairs what is the present level of Corporation Tax in Gibraltar.

Mr. Whitlock

Corporation Tax has not been introduced in Gibraltar.

Mr. Hooley

asked the Secretary of State for Commonwealth Affairs what is the present level of Capital Gains Tax in Gibraltar.

Mr. Whitlock

Capital Gains Tax has not been introduced in Gibraltar.

Mr. Hooley

asked the Secretary of State for Commonwealth Affairs what are the present rates of excise on tobacco, wines and spirits in Gibraltar.

Mr. Whitlock

There are no excise duties on tobacco, wines or spirits in Gibraltar.

Import duties, however, are chargeable on these commodities as follows:

Personal rates per £ of taxable income are as follows:

s. d.
First £500 … … … 10
Next £750 … … … 1 8
Next £1,250 … … … 3 4
Next £1,000 … … … 4 0
Remainder … … … 5 0

Non-residents pay two-thirds of the standard rate.

The amount of Income Tax payable by a married man, with two children of school age, on an earned income of £1,000 per annum, is £6 5s. in the year 1968–69.