HC Deb 19 May 1915 vol 71 cc2365-6W
Mr. CURRIE

asked the Chancellor of the Exchequer (1) what was the total revenue yielded by the Increment Value Duty, the Undeveloped Land Duty, and the Reversion Duty, respectively, since the date of the imposing of these duties down to the 31st March last; and what was the total cost over the same period of the Department created for the assessment and collection of these duties; also (2) what the estimated yield is in the current financial year of the Increment Value Duty the Undeveloped Land Duty, and the Reversion Duty, respectively; and what is the estimated cost for the current year of the Department engaged in assessing and collecting these duties.

Mr. LLOYD GEORGE

The total revenue yielded by the duties in question, from the date of their imposition to the 31st March last, is as follows:—

Increment Value Duty £106,000
Undeveloped Land Duty 413,000
Reversion Duty 170,000

For the current year the Increment Value Duty is estimated to yield £50,000. The collection of the Undeveloped Land Duty and Reversion Duty is temporarily in abeyance owing to judicial decisions. The cost of collecting and assessing the duties—which must not be confused with the non-recurrent expenditure on the original valuation—cannot be distinguished from the cost of collection of Inland Revenue Duties generally.