§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer if he will publish in the OFFICIAL REPORT a table showing United Kingdom taxes on income paid by companies, including tax recovered by deduction from dividends and interest paid, for 1938 and for each of the years since the war.
§ Mr. MacDermotThe following table gives estimates of the figures asked for:
PAYMENTS OF UNITED KINGDOM TAXES ON INCOME Falling on Companies Deducted from dividends and interest paid to shareholders etc. Total £m. £m. £m. 1938 … 92 133 225 1946 … 651 259 910 1947 … 513 276 789 1948 … 626 269 895 1949 … 786 258 1,044 1950 … 779 267 1,046 1951 … 746 291 1,037 1952 … 982 287 1,269 1953 … 944 319 1,263 1954 … 856 358 1,214 1955 … 940 367 1,307 1956 … 864 382 1,246 1957 … 950 403 1,353 1958 … 989 425 1,414 1959 … 957 436 1,393 1960 … 703 525 1,228 1961 … 801 576 1,377 1962 … 973 590 1,563 1963 … 854 636 1,490 1964 … 765 756 1,521 1965 … 746 899 1,645 1966 … 771 915 1,686 These figures are on a different basis from those given in a Written Answer to the hon. Member for Croydon, North-East (Mr. Weatherill) on 4th April, 1967. Those figures were for financial years (not calendar years) and did not include the tax withheld on investment income 253W received by companies from outside the company sector (other than interest on British Government Securities).—[Vol. 744, c. 5–6.]