Bicycles (Taxation).

Oral Answers to Questions — National Finance. – in the House of Commons on 3rd May 1932.

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Photo of Captain Hon. Michael Knatchbull Captain Hon. Michael Knatchbull , Ashford

35.

asked the Chancellor of the Exchequer what revenue would be derived from a tax of half-a-crown on all bicycles in use in Great Britain; and whether the expenses of collecting such a tax would be such as to absorb any appreciable part of the proceeds?

Mr. CHAMBERLAIN:

The information available is not sufficient to enable me to answer either part of the question precisely; but it is safe to say that the cost of collection and administration of such a tax would be comparatively high, and the net yield, after allowing for probable exemptions and withdrawals from use, comparatively small