§ Mr. BoswellTo ask the Chancellor of the Exchequer what proportion of tax revenues in the year 1999–2000 was tendered in(a) euros and (b) other foreign currencies. [134227]
§ Miss Melanie Johnson[holding answer 26 October 2000]: The total tax receipt for Inland Revenue in the year 1999–2000 was £139 billion. Of this, £10.8 million was tendered in euro and £1.8 million in other foreign currencies. The total net tax receipt for HM Customs and Excise in the year 1999–2000 was £97 billion. Of this, £6.5 million was tendered in euro. A further £105,000 was tendered in the form of cheques denominated in other foreign currencies. HM Customs and Excise do not separately record electronic payments in other foreign currencies. By adding individual electronic payments made through CHAPS, HM Customs and Excise have estimated that £63 million was tendered in the form of electronic payments in other foreign currencies during March 2000.