§ Mr. Austin Mitchellasked the Chancellor of the Exchequer, further to his written reply dated 25 March, Official Report, c. 393–4, concerning the taxation of overseas income, whether he will publish the details referred to for the two most recent years for which the information is available.
§ Mr. RidleyGross income assessed to tax under cases IV and V of schedule D in the years of account 1980 and 1981—that is, for the two years ended 5 April 1981—amounted to £109.9 million and £136.9 million respectively. This income would consist mainly of the kinds referred to in paragraphs 23, 27 and 41 of the Tax Return Guide 1981–82.
Gross foreign and public revenue dividends paid by or through United Kingdom paying and collecting agents and assessed to tax in the two years ended 5 April 1981 amounted to £275.1 million and £360.9 million respectively. These figures represent income received by both individual and corporate investors. I am afraid that it is not possible to report the amounts that relate to each category.