Tax Revenue (Collection Costs)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18th July 1967.

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Photo of Mr Julian Ridsdale Mr Julian Ridsdale , Harwich 12:00 am, 18th July 1967

asked the Chancellor of the Exchequer, what is the present annual cost of collecting all forms of tax revenue.

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

About £115 million, or just over 3d. for every £1 of net revenue.

Photo of Mr Julian Ridsdale Mr Julian Ridsdale , Harwich

Does the figure include all the work done by individuals filling up a whole host of tax forms, and by chartered accountants and others trying to avoid taxation?

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

No, Sir. This is the cost to the Exchequer.