House of Lords written question – answered on 7 November 2013.
To ask Her Majesty’s Government how much is raised annually from (1) inheritance tax, (2) capital gains tax, and (3) stamp duty; and how much it costs to collect each of those taxes.
The revenue information requested can be found in the Trust Statement section of the published HMRC Annual Accounts:
https://www.gov.uk/government/publications/annual-report-and-accounts-2012-13--3 (see note 2.7 and 2.8 of the 12-13 Trust Statement).
The following table provides the cost of collection information for 12-13:
Tax Regime | Expenditure |
Inheritance Tax | £27,030,853 |
Capital Gains Tax | £47,712,401 |
Stamp Duty | £9,735,265 |
NB: The Expenditure is not published externally to HMRC e.g. in the Annual Report or Pocket Briefing.
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