HC Deb 07 December 1973 vol 865 cc498-9W
Mr. Madel

asked the Chancellor of the Exchequer what is his estimate of the revenue he will receive from motor vehicle licences in the current financial year ; and what were the figures for the two previous years.

Mr. Higgins

The estimate for 1973–74 is about £520 million. This figure is higher than earlier estimates. The increase of some £30 million reflects a once-for-all speeding up in the cash flow as a result of the introduction of centralised banking arrangements. The receipts for 1972–73 were £477 million and those for 1971–72 were £465 million.

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