§ Mr. MacGregorasked the Chancellor of the Exchequer if he will publish in the Official Report a list of direct and indirect taxes, excluding capital tax paid by persons; and what was the percentage share of total tax revenue, including national insurance contributions, accounted for by such direct and indirect taxes in each year since 1960.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 20th March 1978], gave the following information:
The percentage of total tax revenue, including NIC, accounted for by the direct and indirect taxes listed was as follows for each financial year since 1959–60:
Per Cent. Direct Indirect 1959–60 … 41.8 45.1 1960–61 … 42.4 45.0 1961–62 … 43.1 43.3 1962–63 … 42.3 43.6 1963–64 … 40.8 44.2 1964–65 … 40.9 44.8 1965–66 … 42.5 43.2 1966–67 … 35.9 41.8 1967–68 … 37.2 39.9 1968–69 … 36.5 41.4 1969–70 … 36.4 40.3 1970–71 … 39.8 37.7 1971–72 … 40.9 39.0 1972–73 … 39.1 40.9 1973–74 … 38.9 40.2 1974–75 … 41.6 36.9 1975–76 … 45.6 36.6 1976–77 … 44.9 36.2 1977–78* … 42.0 37.5 *Estimated Source:
- Annual Abstract of Statistics
- Economic Trends.
- Financial Statistics.
Direct Tax
- Income Tax.
- Surtax.
- Employee's National Insurance Contributions.
Indirect Taxes
- Specific Duties.
- Value Added Tax.
- Vehicle Excise Duty.
- Stamp Duties.
- Local Authority Rates.
The list excludes those indirect taxes such as the national insurance surcharge, SET and employers' national insurance contributions which are paid by companies although they may eventually be passed on to persons in the form of higher prices. Some of the revenue from the other indirect taxes may also fall into 526W this category, but it is not possible to exclude this from the total.