Mr. Proctorasked the Chancellor of the Exchequer how much revenue has accrued to the Exchequer from capital gains tax in each of the last five years; and what has been the cost of administration of capital gains tax collection in each year.
§ Mr. MooreThe figures are as follows:
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£ million Year Receipts Estimated cost of administration 1978–79 353 8.4 1979–80 430 9.3
Year Receipts Estimated cost of administration 1980–81 508 13.1 1981–82 526 13.8 1982–83 632 *15.0 * Provisional. Note: The figures do not include corporation tax on companies' gains.