United Kingdom Yearbook - 1885-1899_No47_ocr

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22 .IMPERIAL REVENUE, EXP~NDITURE, "&c:·
..
No. 9.-=-AMOUNT of IMPERIAL. TAXI!."S
Y!!.14J
-
Budget Estimate of ton
to Revenue. ·
Actual Loll tO Revenue. ·1
ended RUll:.\LSD OR RXDUOBD. · For the Year in the Year
in which
Fora
in which Ina.
Slllt March.
the change
complete
I thechange. complete
took place.
Year.
tookpl&ce.
Year.
-
I
£. £, £, £ '
1898 Nil .,. - - - -
I
'
.lM
I
CUSTOMS:-
RXDUO~:-
Duty on 'l'obacoo ot~er • thai~}
~
Cigara •
1,U0,000 1,200,000 t 756,000 1,400,000
INCOME TAX::-
Increase from 1001. to 1501. of'
Abatement on Incomes above
400l .. and not exceeding 600l.
Abatement of 1201. on Incomes
ioo,ooo
above 500l. and not exceeding> 100,000 100,000 130,000
6001. •. ~
Abatement_ of 70l. on Incomes
above 600l. and ·not exceeding
7001 •. . .
LAND TAX:-
!
Tu ,.mittoo "" fooo•no• not ox·~ }
ceeding 160l. • , • • • .
On Incomes not exceeding 4001.,
*
one·half of Land Tax remitted •
{
'
97,000 97,000
23,000 23,000
------ ··- 1.:.
TOUL 1,220,000 1,300,000 976,000 1,650,000
.. ..
... -··
l900 Nil - -
....:..
- -
Nm.-Thc loss to R1mentte caused· b]/. the reduction of T'!xes is in most ca11es less !h1in the gain which the
reduction affo~ds to the tax,iayer, because the loss t~ Reven11e tB ,qemral/11 recouped b!f an increased conkttmption or
use of thi! articlu taxed consequent ttpon the lo-wenn!J of the dttt11. llt11ce -the loss is not necessarily the mearore
ofrelil!fto the ta:i;ptiyer. • .
" Concession maciirsubAeqttelit to Budget,.brCorumlttee of Finance Bill. ·
t The actual loss to the Revenue in the year ,in which the change took place would have been greater by
610 oooz. If heavy abnonnal payments of duty had not been made in the last few days ot March, 1899, in anticlpa·
tion of" rise of duty (11ee note to Table No. 7, p. 12).
House of Commons Parliamentary Papers Online.
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