§ Colonel WEDGWOODasked the Chancellor of the Exchequer what was the yield for the financial year 1922–23 of the Inhabited House Duty, the Land Tax, and the Income Tax under Schedules A, B, C, D, and E, respectively?
§ Major BOYD-CARPENTERThe Exchequer Receipt in 1922–23 of the under-mentioned taxes was as follows:
£ Inhabited House Duty … 2,110,000 Land Tax … 650,000 Income Tax … 314,836,000 Under the present system of graduation and differentiation of the Income Tax, with personal allowances, deductions, and reliefs appurtenant not to the various sources of income charged under Schedules A, B, C, D and E, but to the total income of the taxpayer, the total yield cannot properly be divided between the respective Schedules.