Taxation

House of Lords written question – answered on 7 November 2013.

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Photo of Lord Palmer Lord Palmer Crossbench

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.

Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury

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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