Purchase Tax and Selective Employment Tax

HC Deb 18 May 1972 vol 837 c165W

Mr. Denzil Davies

asked the Chancellor of the Exchequer what is the expected yield from purchase tax and selective employment tax for the fiscal year 1972–73; and what percentage of such yield is expected to be raised in Wales.

Mr. Nott

The yield of purchase tax is expected to be £1,315 million and the net yield of selective employment tax £224 million. No estimate can be given of the amount of purchase tax to be raised in Wales. The net yield of SET in Wales is expected to be just under 4 per cent. of the total.