§ Mr. Christopher Priceasked the Chancellor of the Exchequer if he will publish his estimate of the percentage increase compared with the previous year in the yield of (a) income tax, (b) value added tax (c) petroleum revenue tax in the financial years 1979–80, 1980–81 and 1981–82.
§ Mr. RidleyReceipts of income tax (including surtax), value added tax and petroleum revenue tax in 1979–80 and 1980–81, and the estimated receipts in 1981–82, including supplementary petroleum duty, are as attached, showing also the percentage increases.
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Income tax (including surtax) Value added tax Petroleum revenue tax (including supplementary petroleum duty) £ million increase on previous year per cent. £ million increase on previous year per cent. £ million increase on previous year per cent. 1978–79 18,763 4,838 183 1979–80 20,610 10 8,189 69 1,435 684 1980–81 *24,720 20 11,300 38 2,410 68 †1981–82 28,205 14 12,650 12 4,060 68 * adjusted for the effects of industrial action. † forecasts published in the financial Statement and Budget Report 1981/82 (Table 19).