§ Brigadier-General CHARTERISasked the Chancellor of the Exchequer what would be the approximate effect on the revenue derived from the Entertainments Duty if a uniform rate of tax of 10 per cent., 15 per cent. and 20 per cent. of the total cost of each taxable ticket, with a minimum tax of ½d., were substituted for the present scale of tax; and at what percentage of the total cost of each taxable ticket with the same minimum tax the yield would equal the yield of the tax under the present scale?
§ Mr. CHURCHILLIt is estimated, on such information as is available, that the annual yield ofad valorem duties on the total payments for admission, including those at present exempt from duty, with a minimum duty of ½d. per admission, would be as follows:
It is also estimated that to produce the present yield of £58 million a year, a uniform ad valorem tax, with a ½d. minimum, would have to be approximately 12½ per cent.
Million £. 10 per cent. tax (less than) 5 15 per cent. tax (about) 7 20 per cent. tax (over) 9