§ Mr. Arthur Lewis
asked the Chancellor of the Exchequer whether he will publish in the Official Report as detailed a list as may be available of the various taxes in being on 1st May 1974 and similar details for 1st May 1977.
§ Mr. Robert Sheldon
The following list sets out the taxes in force on the two dates:
Whether in force on 1st May Tax 1974 1977 Inland Revenue Income tax Yes Yes Corporation tax Yes Yes Capital gains tax Yes Yes Development gains charge Yes No* Estate duty Yes No* Capital transfer tax Yes† Yes Petroleum revenue tax No Yes Development land tax No Yes Stamp duty Yes Yes Customs and Excise Value added tax Yes Yes Car tax Yes Yes Duties on alcoholic drink: spirits Yes Yes beer Yes Yes wine Yes Yes British wine Yes No made-wine No Yes cider and perry No Yes Hydrocarbon oil duty: light oil (including petrol) Yes Yes derv Yes Yes fuel oil Yes Yes gas oil Yes Yes kerosene Yes Yes other heavy oils (mainly lubricating oil) Yes Yes Tobacco duty Yes Yes Tobacco products duty No Yes Betting and gaming duties: pool betting duty Yes Yes general betting duty Yes Yes gaming licence duty Yes Yes gaming machine licence duty Yes Yes bingo duty Yes Yes Excise licence duties Yes Yes Duty on matches and mechanical lighters Yes Yes Protective duties Yes Yes EEC agricultural levies Yes Yes Other Vehicle excise duty Yes Yes National insurance surcharge No Yes Local authority rates Yes Yes * Although not in force on 1st May 1977 the provisions of these taxes still applied for transactions of some earlier years. † Lifetime gifts only.