§ Mr. Michael Lathamasked the Chancellor of the Exchequer how many assessments have been made to date in respect of development gains tax under the 43W Finance Act 1974 ; and what is the total yield from that tax to date.
§ Mr. Robert SheldonThe information is not available, but the numbers and the amount so far assessed cannot be significant.
§ Mr. Michael Lathamasked the Chancellor of the Exchequer how many civil servants are engaged wholly or mainly in the administration of the development gains tax ; and what is the approximate annual cost to public funds of their activities, both in terms of salaries and administrative overheads.
§ Mr. Robert SheldonWork on the development gains tax is integrated with the other work in the Inland Revenue offices concerned, and, apart from one or two people in the head offices, no one is wholly or mainly engaged on it. It is estimated that at the present time the equivalent of about 25 full-time staff are employed on development gains tax throughout the Department, at an approximate annual salary cost of £107,000—with the inclusion of administrative overheads, about £176,000.