§ Mr. Lawsonasked the Chancellor of the Exchequer if he will publish a table showing the percentage of total tax revenue contributed by taxes on personal incomes and capital in each year since 1959–60.
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§ Mr. Robert SheldonFollowing is the information:
PERCENTAGE OF TOTAL TAX REVENUE* CONTRIBUTED BY TAXES ON PERSONAL INCOMES† AND CAPITAL‡ Financial year Percentage 1959–60 … … … … 36.8 1960–61 … … … … 39.7 1961–62 … … … … 39.3 1962–63 … … … … 41.4 1963–64 … … … … 42.0 1964–65 … … … … 42.1 1965–66 … … … … 45.5 1966–67 … … … … 43.2 1967–68 … … … … 43.3 1968–69 … … … … 43.6 1969–70 … … … … 42.6 1970–71 … … … … 44.4 1971–72 … … … … 46.4 1972–73 … … … … 46.4 1973–74 … … … … 45.7 1974–75 … … … … 50.6 1975–76 … … … … 54.9 1976–77 … … … … 53.7 * Central government revenue from taxes on income, taxes on expenditure and taxes on capital. † After deducting tax credits on dividends from April 1973. ‡ Taxes on capital paid by the personal sector. The figures for the years after 1972–73 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 April 1973 the advance corporation tax paid by companies in respect of dividend payments forms part of corporate taxation.