Part of Oral Answers to Questions — Budget. – in the House of Commons at on 8 May 1924.
Final statistics for the years 1922–23 and 1923–24 are not yet available, but the following estimates have been made for the year 1922–23 of the income assessable under the Income Tax Acts:
| United Kingdom. | |
| £ | |
| Gross Income | 2,900,000,000 |
| Deductions (necessary to reduce the gross income to the actual income liable to tax for exemptions, repairs to property, wear and tear of machinery, overcharges in assessment, etc. | 600,000,000 |
| Actual income liable to tax, before deductions of personal or family allowances and reliefs | 2,300,000,000 |
