§ Mr. Clemitsonasked the Chancellor of the Exchequer what were receipts from direct taxation in the last financial year expressed as a percentage of receipts from indirect taxation; and what were the corresponding figures for each of the preceding 15 years.
§ Mr. Robert SheldonReceipts from direct taxation were 125 per cent. of receipts from indirect taxation in 1976–77. Corresponding figures for the preceding 15 financial years were as follows:—
Financial Year Direct Tax as % of Indirect Tax 1961–62 99 1962–63 98 1963–64 92 1964–65 90 1965–66 95 1966–67 86 1967–68 88 1968–69 81 1969–70 84 1970–71 91 1971–72 97 1972–73 91 1973–74 108 1974–75 123 1975–76 123