§ Mr. Joplingasked the Chancellor of the Exchequer why stamp duty was collected for bankers' licences in Scotland and for certificates of registration of alkali and other works in 1970–71; and whether he will now abolish these duties.
§ Mr. Patrick JenkinDuties have to be collected as imposed by law. The stamp duty on certificates of registration of alkali and other works was abolished as from 1st August, 1970. I have noted my hon. Friend's suggestion regarding bankers' licences in Scotland.
§ Mr. Joplingasked the Chancellor of the Exchequer if he will explain the discrepancy between the total of £117,610,000 for total revenue from all stamp duties in 1970–71 and the sum of £121 million collected by his offices which collect stamp duty in that year.
§ Mr. Patrick JenkinThe net receipt of £117,610,000 is after repayments and includes some stamp duties collected by the Post Office on behalf of the Inland Revenue. The gross total revenue of £121 million is before repayments and includes some fees collected by fee-stamps by the Inland Revenue on behalf of other departments.
§ Mr. Joplingasked the Chancellor of the Exchequer whether he will make a broad estimate of the revenue from those stamp duties in respect of which he is uncertain whether he received duty or not in the last full financial year, because the relevant documents were not classified to particular heads of charge when they were presented for stamping; and if he will also estimate the number of transactions making up this total.
§ Mr. Patrick JenkinAbout £1½ million in 1970–71. There is no information on which to base an estimate of the number of transactions.