HL Deb 05 July 1985 vol 465 c1467WA
Lord Bruce of Donington

asked Her Majesty's Government:

Whether they will state, for each of the fiscal years 1979–80, 1980–81, 1981–82, 1982–83 and 1983–84, the Consolidated Fund revenue from each of the following sources;

  1. (i) income tax;
  2. (ii) corporation tax (before advance corporation tax set-off);
  3. (iii) petroleum revenue tax;
  4. (iv) capital gains tax;
  5. (v) development land tax;
  6. (vi) value-added tax; and
  7. (vii) car tax.
and what were the equivalent figures in real terms, in each case and for each year, taking 1979–80 as the base year.

The Earl of Gowrie

The information requested is in the table.

Net Receipts by Inland Revenue and Customs and Excise
(a) Current prices £ billion
1979–80 1980–81 1981–82 1982–83 1983–84
Income tax 20.6 24.3 28.7 30.5 31.3
Corporation tax* 4.6 4.6 4.9 5.6 6.0
Petroleum revenue tax 1.4 2.4 2.4 3.3 6.0
Capital gains tax 0.4 0.5 0.5 0.6 0.7
Development land tax† — — — 0.1 0.1
Value added tax 8.2 11.0 11.9 13.8 15.2
Car tax 0.5 0.5 0.5 0.6 0.7
(b) Constant, 1979–80 Prices ‡
Income tax 20.6 20.5 22.0 21.9 21.5
Corporation tax* 4.6 3.9 3.8 4.0 4.1
Petroleum revenue tax 1.4 2.0 1.8 2.3 4.1
Capital gains tax 0.4 0.4 0.4 0.5 0.5
Development land tax† — — — — —
Value added tax 8.2 9.2 9.1 9.9 10.4
Car tax 0.5 0.4 0.4 0.4 0.5
* including net advance corporation tax receipts.
‡ calculated using the GDP deflator based on 1979–80 average market prices, as published in Economic Trends.
† The unrounded figures are as follows:
£ million
1979–80 1980–81 1981–82 1982–83 1983–84
Current prices 27 27 38 65 68
Constant, 1979–80 prices 27 23 29 47 47