§ Miss KirkbrideTo ask the Chancellor of the Exchequer what estimate he has made of the amount of revenue raised from taxation of prizes awarded for art, in each of the last three years. [184446]
§ Dawn PrimaroloThe Inland Revenue does not have central records of the amount of revenue raised from taxation of prizes awarded for art. These sort of data are not shown separately on tax returns and to ask taxpayers to provide it would be an extra burden. If a prize is received by an individual in the course of a trade, vocation or profession, then the prize will normally be taxable.