§ Mr. Charles Irvingasked the Chancellor of the Exchequer what is the cost of collecting capital gains tax; and how much is produced by capital gains tax in a full year.
§ Mr. Proctorasked the Chancellor of the Exchequer what is the present yield from capital gains tax; and what is the cost of its collection.
§ Mr. Ridley:The figures for 1980–81, the last full year for which information is available, are as follows:
Net yield £508 million;Estimated cost of collection £l3.1 million.