§ Mr. Tilneyasked the Chancellor of the Exchequer whether he will state in table form and alphabetical order all the various taxes, including each of the main classes of Purchase Tax and Excise, at present levied on the people of Great Britain, the original date when each was levied, the revenue each tax brings in, and the approximate cost of collection of each tax.
§ Mr. CallaghanThe main classes of central Government taxation at present 251W Levied in the United Kingdom(a) are as follows:
Date of introduction Estimated net yield in 1966–67 Estimated cost of collection in 1965–66 as a percentage of receipts (b) (c) £m. (d) CUSTOMS AND EXCISE TAXATION Alcoholic drinks— Beer … … … 1880 360 0.86 British wine … … … 1927 7 Spirits … … … 1833 267 Wine … … … 1860 38 Betting and gaming … … … 1948 43 Hydrocarbon Oil … … … 1928 880 Matches … … … 1916 10 Mechanical lighters … … … 1928 1 Protective (import) duties … … … 1932 188 Purchase tax … … … 1940 688 Tobacco … … … 1863 1,030 Miscellaneous minor duties … … … 1 INLAND REVENUE TAXATION Capital Gains Tax. … … … 1965 5 N.A. Corporation Tax … … … 1965 1,000 N.A. Estate Duty … … … 1894 310 0.93 Income Tax … … … 1842 3,600 1.40 Mineral rights duty … … … 1910 0.16 Surtax … … … 1910 248 The Stamp duties … … … 1694 80 2.03 OTHER TAXATION Vehicle Excise Duties … … … 1949 246 N.A.(e) Selective Employment Tax … … … 1966 300 220 in full year N.A.(f) NOTES:
(a) Most of the taxes listed above are reserved taxes which apply to Northern Ireland as well as Great Britain, and it is not possible to separate out the figures for Great Britain alone.
(b) The date shown is the date of the Act of Parliament which introduced the tax in broadly its present form. Similar taxes, sometimes of different form or of significantly different coverage, have existed since earlier dates.
(c) In the case of alcoholic drink, hydrocarbon oil and purchase tax, the estimated yield takes account of the surcharge in operation from 21st July, 1966.
(d) For the Customs and Excise duties, and for the various taxes on income and profits, the cost of collection cannot be separated.
(e) Payments made by the Central Government to local authorities include all their costs in this field—e.g. the cost of issuing driving licences; it is impossible to isolate the cost of collecting vehicle excise duties.
(f) The cost of collecting Selective Employment Tax is less than 0.1 per cent. of gross receipts. Repayments of premiums and refunds have not yet begun.