§ Mr. David ShawTo ask the Chancellor of the Exchequer if he will state the amount of tax paid or other contributions made to the Consolidated Fund by the Crown Estate Commissioners since 1962.
§ Mr. LamontThe Civil List Act 1952 provides that the net income from the Crown estate, after defraying costs of collection and management, is paid into the Exchequer. The costs defrayed include VAT where applicable, but the Crown estate is not subject to corporation, income or capital gains tax.
The net income paid into the Consoidated Fund for each financial year since 1962 was published in the Official Report of 2 July at columns 659–60. The payment for 1991–92, then provisional, has since been confirmed at the same figure, £70 million.