§ Mr. Joel Barnettasked the Chancellor of the Exchequer what is his estimate of the effect on revenue of the following charges (a) in a, full year and (b) in 1980–81 (i) raising the tax threshold in line with inflation, (ii) raising specific duties in line with inflation specifying the individual items, (iii) abolition of the 25p reduced rate band, (iv) abolition of the investment discount surcharges, (v) abolition of personal capital gains tax, (vi) abolition of capital transfer tax, (vii) abolitilon of stamp duty, (viii) a 10 per cent. increase in the yield from petroleum 599W revenue tax and (ix) a 10 per cent. surcharge on advance corporation tax.
§ Sir Geoffrey HoweI will let the right hon. Member have a reply as soon as possible.
§ Mr. Emeryasked the Chancellor of the Exchequer, what was the amount of tax or duty in percentage terms in the normal retail price of whisky, beer and wine in each of the last 20 years immediately after the application of any alteration in the Budget for the appropriate year.
§ Mr. Peter ReesIt is estimated that for typical off-licence prices for whisky and typical public bar prices for beer the duty and the contents were probably as below. I will write to my hon. Friend about wine.
Per cent. Whisky Beer 1960 66 46 1961 66 46 65* 41* 1962 65 41 1963 65 38 1964 67 40 1965 70 42 1966 71* 44* 1967 71 44 1968 85 44 89* 47* 1969 89 43 1970 89 39 1971 92 39 1972 91 36 1973 88 33 1974 90† 32† 1975 86 35 1976 82 34 1977 80* 32* 1978 78 31 1979 78 32 * In four of these years surcharges were imposed by means of the economic regulator. †Includes VAT before the reduction of the rate to 8 per cent.