Tax Revenue

HC Deb 31 March 1988 vol 130 cc602-3W

Mr. Gould

To ask the Chancellor of the Exchequer how much has been raised under the main heads of tax in 1986–87 and 1987–88.

Mr. Brooke

Following is the information :

£ million
	1986–87	1987–88 latest estimate
Income tax	38,500	41,400
Corporation tax1	13,500	15,600
Petroleum revenue tax2	1,190	2,330
Capital gains tax	1,060	1,350
Development land tax	55	25
Inheritance tax	990	1,070
Stamp duties	1,860	2,440

	1986–87	1987–88 latest estimate
Total inland revenue	57,200	64,200
Value added tax	21,400	24,100
Petrol, derv, etc.	7,500	7.800
Cigarettes and other tabacco	4,800	4.800
Spirits, beer, wine, cider and perry	4,200	4,400
Betting and gaming	780	810
Car tax	960	1,150
Other excise duties	20	20
EC own resources customs duties etc.	1,300	1,470
agricultural levies	250	190
Total customs and excise	41,100	44,700
Vehicle excise duties3	2,580	2.700
Gas levy	520	500
1 Includes net ACT.
2 Includes advance petroleum revenue tax.
3 Includes driving licence receipts.