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Income-tax rates, 1910-21.

Nominal rate Rate on earned income Rate of Super Tax

1909-10 to I9I3-4

I9H-5*

I9i5-6f

1916-7 and 1917-8

1918-9 and 1919-20

1920-1

IS. 2d.

gd. to is. 2d. 6d.

is. 3d. gd. to is. 3d. 5d. to is. 4d.

2s. 6d. is. 6d. to2s. 6d. lod. to2s. 8d.

5s- 2s. 3d. to 53. lod. to 33. 6d.

6s. 2s. 3d. to 6s. is. 1043. 6d. Changeable on incomes over 2,500.

6s. (Standard Rate) 33. (Half Rate) is. 6d. to 6s. Limit re- duced to 2,000.


 * The rates for 1914-5 were doubled for the last four months of the Income Tax year.

fThe rates for 1915-6 were increased by 40% for the second half of the year and Super Tax extended to 33. 6d.

Expenditure, 1910-21 (ooo's omitted).

1909-10

1910-1

I9II-2

1912-3

1913-4

I9H-5

I9J5-6

1916-7

1917-8

1918-9

1919-20

1920-1

Total National Debt Services Payments to Local Taxation Accounts, etc. Other Consolidated Fund Serv- ices (Civil List, Annuities & Pensions, Salaries & Al- lowances, Courts of Justice, & Misc. Services)

21,758 9,445

1,654

24,554 9,882

1,664

24,500 9,636

1,693

24,500 9,653

1,692

24,500 9,734

1,694

22,669 9,529

I,6Q3

60,249

9,757

2,788

127,250 9,895

i,974

189,851 9-731

1,670

269,965 9,681

1,699

332,034 10,746

1,948

349,599 10,785

1-796

Army Ministry of Munitions. Navy Air Force

27,236 35,807

27,449 40,386

27,649 42,858

28,071 44,365

28,346 48,833

28,886 5L550

ti5

L?

f'

T*7

fi5 t i

TI/

ti5 f i

T'7

t 7

395,000

156,528 52,500

X X X X

X X

X X

TOTAL CIVIL SERVICES.

40,010

43,09

46,OOI

51,944

53,90i

56,956

54,7i8

54,113

61,242

67,988

569,054

X X

"Customs and Excise . Post Office Services
 * Inland Revenue.

2,116 1,226 18,693

2,211 1,708 I9,68l

2,297 1,654

20,547

2,324 1,876 23,024

2,43i 2,052 24,607

2,479 2,123 26,060

2,5H 2,089 26,673

2,397 2,331

26,454

2,473 2,683 25,738

2,562 2,970 26,396

4,992 4,430 48,064

X X X X X X

TOTAL SUPPLY SERVICES

125,088

134,533

141,006

151,604

160,170

168,054

86,018

85,328

92,169

99,956

1,230,568

817,381

Votes of Credit (Naval and Military Operations, etc.)

.

357,ooo

1,399,652

1,973,665

2,402,800

2,198,000

87,000

TOTAL EXPENDITURE CHARGEABLE AGAINST REVENUE ....

157,945

171,906

178,54^

188,622

197.493

560.474

155.158

2,198,113

2,696,221

2,579,301

1-665,773

1,195,428

t Nominal amounts, the substantive issues being made under Votes of Credit.

j Included under Civil Services (Unclassified), in 1919-20.

x x Figures not available. * Excise transferred from Inland Revenue to Customs in 1909-10.

Direct Taxation, 1010-21.

Years ended March 31.

Land Tax.

Inhabited House Duty.

Property and Income Tax and Super Tax.

SuperTax.

Total.

Excess Prof- its Duty.

Schedules.

A. | B.

c.

D.

E.

i

1909-10

118,108

521,932

1 ,560,000

50,000

2,085,000

7,907,048

1,150,000

12,752,098

1910-1

11,209,648

13,212,026

15,802,000

316,000

2,530,000

37,439,439

4,418,000

2,891,000

t63, 396,439

-

1911-2

747,377

2,109,877

10,164,000

207,000

2,768,000

25,285,043

2,892,000

3,018,000

44.334,043

1912-3

687,173

,955,887

10,003,000

203,000

2,794,000

25,203,392

2,909,000

3,600,000

44,712,392

I9I3-4

690,007

,994,400

10,304,000

214,000

2,867,000

27,293,763

3,223,000

3,339,008

47,240,771

I9H-5

661,376

,886,692

13,391,000

273,000

3,724,000

37,639,831

4,396,000

10,121,023

69,544,854

1915-6

679,797

,975,068

24,287,000

617,000

9,377,000

69,785,936

8,306,000

16,787,654

129,160,590

187,846

1916-7

653,480

,887,793

37,100,000

3,120,000

18,500,000

116,898,039

10,920,000

19,140,411

205,678,450

141,614,932!

1917-8

682,737

-941,396

39,000,000

2,820,000

15,000,000

139,036,990

19,000,000

23,278,704

238,135,694

223,116,090^

1918-9

642,760

,859,526

21,900,000

4,820,000

19,700,000

185,647,799

25,640,000

35,560,083

293,267,882

283,976,861!

1919-20

671,200

,935,413

44,000,000

7,900,000

22,000,000

209,829,475

32,800,000

42,404,597

359,434,072

289,208,046::

1920-1

650,000

,900,000

394,146,000

219,181,000!

NOTE. The figures in the above table give the amount of the actual net receipts derived from the Revenue due to the Exchequer.

the year of assessment) less the amount of Tax refunded, etc., within the year. The amounts under the several schedules show the approx- imate net receipt of the Tax based on the assessments of property and income under each schedule.
 * The net receipt of Property and Income Tax, etc., represents the amount of tax actually collected within the year (irrespective of

flncluding arrears of 1909-10.

! Includes Munitions Levy.

After the War. With the termination of the war, taxation in some directions was stiffened, and the revenue continued to expand until it reached the unprecedented figure of i ,425,985,000 in 1920-1. In the 1919 Budget death duties on estates over 2,000,000 were raised to 40% and the tax on the larger incomes was raised slightly, thus hastening the break-up of the historic country estates, which became a feature of the social changes in the post-war period. The tax on beer was raised from 2 1 55. 6d. per 36 gal. to 3 ios., and that on spirits from i tos. to 2 tos. for proof gallons. It may be explained here that the highest pre- war rate of income tax was is. 3d. in the pound, in 1919-20 it was 6s. In 1914 an earned income of 600 paid i 8 in income tax ; in 1910-20 it paid 75, which shows that roughly the income

tax was multiplied by four. A feature of the 1919-20 Budget was the introduction of a form of Imperial Preference. In 1920 a Royal Commission which had been appointed to consider the question of income tax made certain recommendations of reform. Some of these were incorporated in the Finance Act of 1920, whereby a radical alteration was effected in the method of granting relief in favour of earned income, and of the method of graduating the burden of the tax. Exemption from tax was granted to single persons up to 135 (and up to 150 in the case of earned incomes) and to married persons (without children) to 225 (and up to 250 if wholly earned). In arriving at assessable income a person was allowed to deduct one-tenth of all earned income, up to a limit of 200. That is to say, a person with an