Construction Industry (Selective Employment Tax)

HC Deb 28 February 1972 vol 832 cc31-2W

Mr. Chichester-Clark

asked the Secretary of State for the Environment what has been the yield from the construction industry of selective employment tax in each financial year since the introduction of the tax; and what revenue he anticipates from this source in 1972–73, assuming no change in the rate of the tax.

Mr. Amery

It is estimated that the yield from the construction industry of selective employment tax for each of the financial years since its introduction in September, 1966, was as follows:

1966–67	£45 million
1967–68	£80 million
1968–69	£100 million
1969–70	£145 million
1970–71	£135 million

For 1971–72 it is estimated that the yield will be £80 million and on the assumption that there were no change from the present rate the yield for 1972–73 would be £60 million.