§ Mr. Rookerasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing the yield in real terms in (a) 1978–79 and (b) what he is now proposing for 1987–88 in (i) direct taxes, including national insurance and (ii) indirect taxes.
§ Mr. Norman Lamont[pursuant to his reply, 22 April 1987, c. 577]: The figures are as follows:
£ billion 1987–88 prices1 1978–79 1987–88 Change (a) Direct taxes 57.8 73.8 +16.0 of which Income tax (38.9) (40.0) (+1.1) (b) Indirect taxes 61.1 82.4 +21.4 (c) Total taxes, royalties and national insurance and other contributions3 118.9 156.3 +37.4 1 revalued using the GDP deflator. 2 components do not add to total because of rounding.
§ Mr. Rookerasked the Chancellor of the Exchequer what is the estimated yield from all sources of taxation including excise and other duties for 1987–88; what was the comparable yield for 1978–79 revalued at 1987–88 prices; and if he will publish a breakdown by categories of the real increase in taxes between 1978–79 and 1987–88 similar to that in his answer of 25 March 1986, Official Report, columns 426–27.
§ Mr. Norman Lamont[pursuant to his reply, 22 April 1987, c. 577]: The estimated total yield from all sources of taxation including local authority rates and national insurance contributions is 156 billion in 1987–88; the yield in 1978–79 revalued at 1987–88 prices using the GDP deflator is £119 billion. The other information requested is in the table.
£ billion 1987–88 prices Change on 1978–79 Income tax +1.1 Non-North Sea corporation tax1 +5.8 Capital Taxes +1.6 Employee's NICs +5.5 Employer's NICs +2.2 NIS -4.3 LA rates +5.1 Stamp duties +1.2 Taxes on expenditure, excluding LA rates, NIS and stamp duties +17.2 North Sea revenues2 +2.8 Others3 -0.8 Total change in taxes, royalties and national insurance contributions +37.4 1 Including mainstream and advance corporation tax. 2 Before advance corporation tax (ACT) set-off. 3 Adjustments for ACT set-off against North Sea corporation tax plus accruals adjustment.