§ 25. Mr. John Huntasked the Chancellor of the Exchequer what estimate he has made of the respective proportions of revenue derived from direct and in direct taxation in 1978–79.
§ Mr. Robert SheldonOn a receipts basis, revenue from direct taxes, including insured persons' National Insurance contributions, is estimated to be 49 per cent. of total general Government revenue in the financial year 1978–79; similarly, the proportion of indirect revenue, including employers' national insurance contributions and local authority rates, is estimated to be 51 per cent. of the total.
§ Mr. Pavittasked the Chancellor of the Exchequer what proportions of direct taxation have been contributed by income tax and corporation tax respectively, for each tax year since 1973–74.
§ Mr. Robert SheldonThe proportions of direct taxation contributed by income tax and corporation tax respectively are 57 per cent. and 18 per cent. in 1973–74, 61 per cent. and 17 per cent. in 1974–75, 72 per cent. and 10 per cent in 1975–76, 71 per cent. and 11 per cent. in 1976–77, and 68 per cent. and 13 per cent. in 1977–78. The figures are based on national accounts estimates. Direct taxation is defined in theOfficial Report of 25 May 1978, c. 743; that is, taxes on income, taxes on 698W capital and employees' National insurance etc. contributions.