INCOME TAX AND SUPER-TAX. (Hansard, 2 April 1925)

§ Sir H. BUCKINGHAM
asked the Chancellor of the Exchequer what proportion of Super-tax due for payment on 1st January, 1924, was paid between that date and 4th April, 1924; and what proportion was paid between 4th April, 1924, and 31st December, 1924?

§ Mr. CHURCHILL
On the 31st December, 1924, the approximate total amount of Super-tax assessed and demanded (less tax found due to be remitted) in respect of the year 1923–24 was £60,639,000. The position at the dates stated below was as follows:

§ Mr. CHURCHILL
I fear I cannot regard my hon. and gallant Friend's suggestions as practicable. In the reply which I gave him on 19th February I indicated that in my judgment the suggestions would not lead to economy, nor do they conform to the conditions imposed by a system of collection of Income Tax at the source.

§ Mr. T. WILLIAMS
asked the Chancellor of the Exchequer what, approximately, down to the latest available date, are the proportions of Income Tax collected at the source and from individuals, respectively?

§ Mr. CHURCHILL
It is estimated that in the year 1923–24 approximately 70 per cent. of the net receipt of Income Tax was collected at the source.

§ Mr. PALING
asked the Chancellor of the Exchequer the yield per penny of the Income Tax in each of the financial years 1922–23, 1923–24, and 1924–25?
1539W

§ Mr. CHURCHILL
I would refer the hon. Member to the reply which I gave the hon. Member for Don Valley (Mr. T. Williams) on the 31st March. I am sending him a copy of that reply.

§ Mr. PALING
asked the Chancellor of the Exchequer the estimated figures for the financial year ended 31st March, 1924, showing the gross income brought under review for Income Tax and Super-tax, the estimated income liable to tax before deduction of personal allowances, etc., and the estimated total net income on which Income Tax was paid?

§ Mr. CHURCHILL
The following estimates have been made for the year 1923–24:

£ millions.

Gross income brought under review 3,050

Actual income liable to tax (before deduction of personal allowances, etc.) 2,300

Taxable income 1,300

§ Mr. PALING
asked the Chancellor of the Exchequer the estimated total number of individuals with incomes above the

Taxation Revenue per Heal.

— U.K. France. Germany (Reich). Italy. U.S.A. (Federal).

£ s. d. Francs. Marks. Lire. Dollars.

1913 or 1913–14 … 3 11 4 84.5 31.3 53.8 6.8

1919 or 1919–20 … 21 14 5 221.1 —^* 179.3 53.8

1920 or 1920–21 … 22 0 8 393.2 —^* 248.7 45.2

1921 or 1921–22 … 18 1 10 426.9 —^* 313.9 32.5

1922 or 1922–23 … 17 8 1† 467.7 —^* 327.7 28.6

1923 or 1923–24 … 16 1 10† 522.7 —^* 373.2 29.7

1924 or 1924–25 … 15 7 2† 676.1 Budget estimates 83.9 Reichs marks per head. Actual receipts 11 months to February, 1925 105.1 Reichs marks per head. 341.7‡ 26.8‡

^*Owing to the depreciation of the paper mark, figures of receipts varied so constantly as to be of little value.

†Excluding Irish Free State.

‡Estimates.

	£ millions.
Gross income brought under review	3,050
Actual income liable to tax (before deduction of personal allowances, etc.)	2,300
Taxable income	1,300

Taxation Revenue per Heal.
—	U.K.	France.	Germany (Reich).	Italy.	U.S.A. (Federal).
		£	s.	d.	Francs.	Marks.	Lire.	Dollars.
1913 or 1913–14	…	3	11	4	84.5	31.3	53.8	6.8
1919 or 1919–20	…	21	14	5	221.1	—^*	179.3	53.8
1920 or 1920–21	…	22	0	8	393.2	—^*	248.7	45.2
1921 or 1921–22	…	18	1	10	426.9	—^*	313.9	32.5
1922 or 1922–23	…	17	8	1†	467.7	—^*	327.7	28.6
1923 or 1923–24	…	16	1	10†	522.7	—^*	373.2	29.7
1924 or 1924–25	…	15	7	2†	676.1	Budget estimates 83.9 Reichs marks per head. Actual receipts 11 months to February, 1925 105.1 Reichs marks per head.	341.7‡	26.8‡
^*Owing to the depreciation of the paper mark, figures of receipts varied so constantly as to be of little value.
†Excluding Irish Free State.
‡Estimates.