Composite Tax Rate (Hansard, 27 January 1989)

HC Deb 27 January 1989 vol 145 cc785-6W 785W

§ Mr. Riddick
To ask the Chancellor of the Exchequer what proportion of composite rate tax revenue comes from non-taxpayers who are(a) male, aged above 65 years and (b) female, aged above 60 years.

Inland Revenue receipts (current prices)

(£ billion)

Five year average Total revenue Income tax Corporation tax Capital gains tax Capital transfer tax (Inheritance tax) Stamp duties Petroleum revenue tax Other receipts

1963–64 to 1967–68 4.6 3.3 0.5 0.0 — 0.0 — 0.4

1968–69 to 1972–73 8.1 5.6 1.5 0.1 — 0.1 — 0.7

1973–74 to 1977–78 17.1 13.4 2.6 0.4 0.1 0.3 — 0.4

1978–79 to 1982–83 33.9 24.5 4.8 0.5 0.4 0.7 1.9 0.6

1983–84 to 1987–88 54.6 35.8 10.9 1.0 0.8 1.5 4.6 0.0

Customs and Excise receipts (current prices¹)

( £ billion)

Five year average Total revenue VAT (Purchase tax) Car tax Hydro-carbon oil Tobacco Alcohol duties Other receipts

1963–64 to 1967–68 3.5 0.6 — 0.8 1.0 0.6 0.4

1968–69 to 1972–73 5.1 1.2 — 1.4 1.1 0.9 0.5

1973–74 to 1977–78 9.2 3.2 0.1 1.8 1.6 1.6 0.9

1978–79 to 1982–83 21.4 9.9 0.5 3.8 2.9 3.0 1.6

1983–84 to 1987–88 38.0 19.7 0.9 6.7 4.4 4.6 2.2

¹ Prices prevailing at the time.

Other tax receipts (current prices¹)

(£ billion)

Five year average Vehicle Excise duty National Insurance contributions

1963–64 to 1967–68 0.2 1.7

1968–69 to 1972–73 0.4 2.7

1973–74 to 1977–78 0.8 7.1

1978–79 to 1982–83 1.4 14.4

1983–84 to 1987–88 2.4 24.9

¹ Prices prevailing at the time.

Inland Revenue receipts as a percentage of gross domestic product

(Percentage of gross domestic product)

Five year average Total revenue Income tax Corporation tax Capital gains tax Capital transfer tax (Inheritance tax) Stamp duties Petroleum revenue tax Other receipts

1963–64 to 1967–68 12.7 10.6 1.2 0.0 — 0.0 — 1.2

1968–69 to 1972–73 15.0 10.2 2.8 0.0 — 0.0 — 1.2

1973–74 to 1977–78 15.4 12.1 2.4 0.0 0.0 0.0 — 0.4

1978–79 to 1982–83 14.6 10.6 2.1 0.0 0.0 0.0 0.1 0.2

1983–84 to 1987–88 15.1 9.9 3.0 0.0 0.0 0.0 1.3 0.0

786W

§ Mr. Norman Lamont
I regret that information is not available in the form requested. Provisional results of a survey carried out in respect of 1986–87 provide some information related to age. It is estimated that between 8 and 9 per cent. of the composite rate tax then accounted for by savings institutions was due in respect of interest credited to recipients of age allowance (available where claimant or spouse is over 65) who would not have been liable to tax in the absence of a composite rate system.