§ Mr. Rookerasked the Chancellor of the Exchequer how many Inland Revenue staff are engaged on the administration of capital gains tax.
§ Mr. Peter Rees[pursuant to his reply, 21 January 1980]: Much of the work in administering the taxes on income, profits and capital gains is carried out for the purpose of more than one tax, and some staff are employed on more than one tax. It is estimated that the total man-years spent on CGT—excluding corporation tax on chargeable gains—over the Department as a whole in 1978–79 was about 1,070.
§ Mr. Rookerasked the Chancellor of the Exchequer if he will publish a regional breakdown showing where the staff of the Inland Revenue engaged in the administration of capital gains tax are based.
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§ Mr. Peter Rees[pursuant to his reply, 21 January 1980]: I regret that this information is not available.
§ Mr. Rookerasked the Chancellor of the Exchequer if he will make a statement on the cost of collecting capital gains tax compared with other taxes collected by the Inland Revenue.
§ Mr. Peter Rees[pursuant to his reply, 21 January 1980]: On the basis explained in paragraph 43 of the report of the Commissioners of Inland Revenue for the year ended 31 March 1978—Cmnd. 7473—the estimated cost of collecting capital gains tax—excluding corporation tax on chargeable gains—in the year 1978–79 was about £8.4 million. This represents about 2.38 per cent. of the net yield of tax in that year. For comparison, the estimated cost/yield ratio for the other main Inland Revenue taxes in 1978–79 was:—
Per cent Income tax and corportation tax 1.98 Petroleum revenue tax 0.16 Capital transfer tax and estate duties 3.49 Stamp duty and capital duty 1.07