§ Mr. Ralph Howell
asked the Chancellor of the Exchequer if he will list all forms of taxation in rank order by the collection cost of each, with the least expensive to collect first.
§ Mr. Moore:
The information requested is as follows. Column (a) gives the absolute cost of collecting each tax. Column (b) gives the cost as a percentage of the yield for each tax.
Cost of collection 1983–84 (a) £ million (b)Cost as a percentage of yield Matches Mechanical lighters 0.2 1.1 Petroleum revenue taxi supplementary petroleum duty 0.7 0.01 Car Tax 1.8 0.3 Tobacco Products 3.5 0.1 Development Land Tax 4.5 7.2 Betting and gaming 6.0 1.0 Hydrocarbon oil 8.7 0.2 Stamp Duty 9.3 1.0 Capital Gains Tax 14.7 2.1 Capital Transfer Tax and Estate Duty 17.1 2.8 Alcoholic Drink 29.1 0.7 Customs Duties and associated work *142.0 *10.5 Corporation Tax 63.4 1.0 VAT 174.5 1.1 Income Tax—employment 259.8 1.6 Income Tax—Other Income 4171 5.9
* includes: CAP work
Other Customs Work
§ Mr. Alfred Morris
asked the Chancellor of the Exchequer what representations he has received from the Manchester chamber of commerce and Industry about the tax treatment of pension contributions and tax-free lump sum commutation benefits on retirement; what reply he is sending; and if he will make a statement.
§ Mr. Lawson:
I have received a considerable number of representations on this subject. As these are treated in confidence, I cannot comment on any individual case; and I would remind the right hon. Gentleman that it is not the practice to comment on speculation about a forthcoming Budget.