§ Dr. McDonaldasked the Chancellor of the Exchequer whether, in the manner of the answer given on 14 February 1985, Official Report, column 288, he will publish and update the table on direct revenue effects for 1985–86.
§ Mr. MooreThe information is as follows:
£million Income tax receipts At current prices At 1978–79 prices* 1978–79 18,748 18,748 1979–80 20,599 17,620 1980–81 24,295 17,520 1981–82 28,725 18,810 1982–83 30,474 18,640 1983–84 31,280 18,330 1984–85 32,642 18,290 1985–86† 35,000 18,650 * Using the GDP deflator.
† Provisional.
§ Dr. McDonaldasked the Chancellor of the Exchequer whether, in the manner of the answer given on 11 February 1985, Official Report, columns 60–61, he will publish and update the table on total estimated tax revenue, broken down into the headings shown, for 1985–86.
§ Mr. MooreEstimates based on the Autumn Statement forecast for 1985–86 are given in the table.84W
£ billion Percentage of gross domestic product at market prices Income tax 35 9.9 Non-North-Sea corporation tax 7 2.1 North sea taxes* 11 3.2 Capital taxes and stamp duty 3 0.9 National insurance contributions—employees 12 3.3 National insurance contributions—employers 13 3.5 National insurance surcharge — — Local authority rates 14 3.8 Taxes on expenditure 41 11.6 Totals† 137 38.4 *Before advanced corporation tax set-off.
†Components do not sum to total because of rounding.
§ Dr. McDonaldasked the Chancellor of the Exchequer whether, in the manner of the answer given on 28 March 1984, Official Report, column 206. he will publish and update the table showing the real changes in revenue sources between 1978–79 and 1985–86.
§ Mr. MooreEstimates based on the Autumn Statement forecast for 1985–86 are given in the table. They differ from the estimates given on 29 March 1985 (WA col. 366) because the latter were based on the FSBR forecast and on an earlier estimate of the GDP deflator (used to revalue the 1978–79 estimates of revenue).
£ billion (1985–86 prices) Income tax -0.6 Non-North-Sea corporation tax +0.2 North sea taxes* +10.3 Capital taxes and stamp duty +1.0 National insurance contributions—employees +4.1 National insurance contributions—employers +1.0 National insurance surcharge -3.9 Local authorities rates +2.8 Taxes on expenditure† +12.4 Total change +27.3 * Before advanced corporation tax setoff.
† Including the gas levy: in the Answer of 28 March 1984 the gas levy (of nil and £0.5 billion respectively in 1978–79 and 1984–85) was included in "North Sea taxes" instead.