Income Tax and Profits Tax

HC Deb 19 July 1963 vol 681 cc110-1W

Sir W. Robson Brown

asked the Chancellor of the Exchequer what was the total yield, in each of the last five years, of Income Tax and Profits Tax paid by the private sector of industry and commerce, by the nationalised industries, and by personal tax payers, respectively.

Mr. Barber

The following table gives the separate figures for companies, public corporations and the personal sector, as defined for the annual Blue Books on National Income and Expenditure. These categories are the nearest available

PAYMENT OF TAXES ON INCOME
						£ million
		1958	1959	1960	1961	1962
Income tax and profits tax*
Companies	…	994	957	694	791	944
Public Corporations	…	16	11	11	12	11
Personal sector	…	1,524	1,597	1,814	2,053	2,247
Surtax	…	161	169	178	196	230
* Includes small amounts of excess profits tax, excess profits levy, etc.
†United Kingdom taxes paid by non-residents on portfolio income are not included. The amounts are as follows:—
		1958	1959	1960	1961	1962
		30	24	28	26	23