§ Mr. Kenneth Clarkeasked the Chancellor of the Exchequer if he will list the amount of revenue raised from (a) personal taxation and (b) corporate taxation for each year since 1960; and if he will present these two series of data as a percentage of Planning General Development (Amendment) Order 1977.
§ Mr. Robert SheldonFollowing is the information requested:
623WThe figures for the years after 1972 are affected by the introduction of the imputation system of corporation tax in April 1973. Prior to April 1973 tax paid on dividends received by the personal sector was included in personal taxation. From 1973 the advance corporation tax paid by companies in respect of dividend payments is included in corporate taxation. The figures shown are payments of tax, the timing of which is substantially different from accruals of liability to tax, particularly in the corporate sector.
Since taxes on expenditure are not specific to either the personal or corporate sectors they have been excluded from the figures of both personal taxation and corporate taxation; but they have been included in the figures of Government revenue from which the percentages have been calculated.