§ Mr. SIMMasked the Parliamentary Secretary to the Ministry of Transport how the estimate of £8,475,000 as the net revenue accruing to the Road Fund from the Motor Tax Account for the calendar year 1921 is arrived at?
§ Mr. NEALThe answer to my hon. Friend's question is given in the statement which follows. I may point out that the costs of collection, which are estimated at £400,000 are inevitably somewhat high, as the year 1921 marked the inception of a new system of taxation. It is anticipated that the charges under this head will show an appreciable reduction in 1922.
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ESTIMATED ROAD FUND REVENUE FOR 1921. £ GROSS REVENUE from the Motor Tax Account, 1921 10,588,000 DEDUCTIONS. I. Rebates and Refunds in Duly, e.g., pre-1913 engines, etc. (estimated) 225,000 II. Exceptional non-recurring charges. £ Estimated refunds and rebates in respect of the old petrol duty 330,000 Balance of statutory charge to Local Taxation Account (Roads Act, 1920, Sec. 2 (2)) for year 1920–21 466,000 796,000 III. Recurring statutory charges Statutory charge to Local Taxation Account (Roads Act, 1920, Sec. 2 (2)) for year 1921–2 600,000 Estimated costs of collection— (a) Local Authorities (Roads Act, 1920, Sec. 3 (4) (a)) 350,000 (b) Government Departments, e.g., Stationery Office, G.P.O., etc. (Roads Act, 1920, Sec. 3 (4) (e)) 50,000 Estimated Administrative Costs of Roads Department (Roads Act, 1920, Sec. 3 (4) (c)) 67,000 Estimated Compensation to Local Authorities and Police (Roads Act, 1920, Sec. 3 (4) (b)) 25,000 1,092,000 Total Deductions 2,113,000 Estimated Net Revenue to Road Fund for 1921 8,475,000