§ Mr. Ralph Howellasked the Chancellor of the Exchequer if he will publish a table showing revenue from (a) income tax and (b) indirect taxation as a percentage of gross domestic product for each year since 1960.
§ Mr. Denzil DaviesFollowing is the information:
CENTRAL GOVERNMENT REVENUE AS A PERCENTAGE OF GDP AT FACTOR COST (CURRENT PRICES) Income Tax Indirect Taxation 1960–61 … … 11.4 11.4 1961–62 … … 12.1 11.6 1962–63 … … 11.8 11.5 1963–64 … … 10.7 11.0 1964–65 … … 11.0 11.5 1965–66 … … 12.3 11.7 1966–67 … … 10.4 12.3 1967–68 … … 11.4 12.4 1968–69 … … 12.1 14.8 1969–70 … … 13.0 15.1 1970–71 … … 13.5 13.0 1971–72 … … 13.5 12.4 1972–73 … … 12.0 11.8 1973–74 … … 11.8 11.1 1974–75* … … 13.5 10.9 * Provisional. Notes:
(1)"Income Tax" includes surtax.
(2) The receipts from Income Tax are affected from 1966–67 by the introduction of corporation tax.
(3) "Indirect Taxation" includes all Customs and Excise duties, Selective Employment Tax. Vehicle Excise Duty, and Stamp Duties.