HC Deb 09 December 1993 vol 234 cc304-5W
Mr. Gamier

To ask the Chancellor of the Exchequer how much the Treasury has received from capital gains tax in each year since 1979; and how much capital gains tax has cost to collect in each of those years.

Mr. Dorrell

The figures for capital gains tax yield and the costs of administering the tax for each year since 1979 are:

£ million
Capital gains tax1
Net receipts Cost of administration2
1979–80 431 9.5
1980–813 508 13.2
1981–823 526 13.7
1982–83 632 15.3
1983–84 671 14.7
1984–85 730 14.2
1985–86 908 15.4
1986–87 1,064 17.7
1987–88 1,379 25.1
1988–89 2,323 26.6
1989–90 1,854 34.3
1990–914 1,852 39.0
1991–924 1,140 43.3
1992–934 982 38.4

1 The figures quoted exclude tax on gains made by companies included in corporation tax. Some of the costs associated with companies, however, cannot be separately identified and are therefore included in the cost figures for capital gains tax rather than for corporation tax.

2 Costs are based on total departmental expenditure.

3 The breakdown of receipts between 1980–81 and 1981–92 is estimated. The receipts figures for both years were affected by industrial action between March 1981 and July 1981.

4 Manpower usage and costs of administration for 1989–90 have been adjusted to reflect a new basis of costing. Direct comparison of these and later figures with those of earlier years may be misleading. More detail regarding this adjustment is given in the board's report for the year ending 31 March 1991.

Mr. Nicholas Brown

To ask the Chancellor of the Exchequer what is the reduction in annual liability to capital gains tax, in 1993–94 as against the 1978–79 indexed regime, specifying in each case the total and average reduction per taxpayer as well as the number of taxpayers in each year, in the United Kingdom.

Mr. Dorrell

I regret that the requested estimates of the difference between the capital gains tax liability on the current regime and on the 1978–79 indexed regime are not available, as indicated in my replies to the hon. Member on 25 February 1992,Official Report, columns 435-36, and 15 March 1991, Official Report, columns 700-701.

The number of capital gains taxpayers with liabilities in 1993–94 under the current tax regime, excluding gains realised by companies is estimated at 110,000.