§ Mr. Ralph Howellasked the Chancellor of the Exchequer if he will list all forms of taxation in rank order by the collection cost of each, with the least expensive to collect first.
§ Mr. MooreThe information is as follows: 253W
Tax Cost as a percentage of revenue outturn Petroleum revenue tax/supplementary petroleum duty 0.01 Tobacco products duties 0.1 Hydrocarbon oil duties 0.2 Car tax 0.3 National Insurance Surcharge 0.7 Betting and Gaming duties 0.9 Excise duties on alcoholic drink 1.0 Corporation tax 1.1 Value added tax Excise duties on matches and mechanical lighters Stamp duty 1.2 European Community Common Agricultural Policy work 1.7 Income tax 2.1 Capital gains tax 2.4 Vehicle excise duties Capital transfer tax/estate duty 3.2 Customs duties 5.2 Development land tax 7.4