§ Sir F. Markhamasked the Financial Secretary to the Treasury, what was the Purchase Tax yield on road vehicles, excluding cycles, for the years 1957–58, 1958–59, and 1959–60; and what is the estimated yield for the year 1960–61.
§ Mr. BarberThe figures are given in the following table:
Purchase Tax yield from road vehicles (excluding pedal cycles) Financial year £ million 1957–58 130.8 1958–59 167.7 1959–60 163.5 1960–61 173.5 (Budget estimate) NOTE: The rate of tax on cars was reduced from 60 per cent. to 50 per cent. and on motor cycles from 30 per cent. to 25 per cent. from 8th April, 1959, and commercial vehicles ceased to be chargeable with purchase tax from that date. The figures for 1957–58, 1958–59 and 1959–60 include £14.2 million, £15.1 million and £3.0 million respectively in respect of commercial vehicles.