§ Mr. Macmillanasked the Chancellor of the Exchequer if he will list the proportion of the total yield from direct taxes attributable to each of the direct taxes listed in the reply given to the hon. Member for Farnham on 25th May.
§ Mr. Robert SheldonThe proportions of total yield from direct taxes for 1977–78, after the Finance Act and after the October measures, were as follows:
Percentage of total direct taxes Tax After the Finance Act After the October Measures Income Tax 69.6 68.5 Surtax 0.1 0.1 Corporation Tax 12.7 13.2 Petroleum Revenue Tax Capital Gains Tax 1.3 1.3 Estate Duty 0.3 0.3 Capital Transfer Tax 1.2 1.2 Development Land Tax Employees' National Insurance Contributions 14.7 15.3 Special Charge n.a. n.a. Profits Tax n.a. n.a. Less than half the final digit shown. n.a. Not applicable. Source: FSBR 1978–79 Receipts by the Consolidated Fund.