§ Mr. Colvinasked the Chancellor of the Exchequer if he will publish a table showing the annual gross revenue raised through the unit trust instrument duty since 1970–71 and the annual cost to the Inland Revenue of collecting this revenue.
§ Mr. Peter Rees[pursuant to his reply, 9 July 1981]: The yield from unit trust instrument duty for the years 1970–71 to 1980–81 was as follows:
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£ million 1970–71 0.6 1971–72 0.8 1972–73 1.3 1973–74 0.7 1974–75 0.4 1975–76 1.5 1976–77 1.2 1977–78 1.8 1978–79 1.6 1979–80 1.1 1980–81 2.3 The figures up to 1972–73 and for 1973–74 up to 31 December 1973 relate to Great Britain only; figures for subsequent periods are for the United Kingdom. It is not possible to isolate the cost of collecting this particular duty, but the cost/yield ratio for collecting all stamp duties in 1979–80 was a little under 1 per cent.