In addition, there will be certain reductions in Telephone charges. TABLE X., showing the Estimated Loss due to the proposed alterations in TAXATION and POSTAL, &c., RATES. *The loss of Customs duty on cider is insignificant. The gross loss of Revenue owing to the reduction of the table water duty is estimated at £210,000 in 1923-24, and £225,000 in a full year. The net loss shown in the table above allows for an increase of Revenue from the dutiable ingredients due to an anticipated increase in consumption. On the basis of the Commercial Accounts these reductions represent the surrender out of the Post Office Surplus of about £2,500,000 in a full year and about £2,000,000 in 1923-24. 19,000,000 26,000,000 Nil. 12,500,000 19,000,000 38,500,000 1,300,000 1,560,000 840,000 1,900,000+ 2.400,000+ 57,775,000 1923-24. TABLE XI., giving BALANCE SHEET after alterations proposed by the Chancellor of the Exchequer, and separating Special Receipts and Expenditure. 1923-24. TABLE XII., giving FINAL BALANCE SHEET, 1923-24, after alterations proposed by the Chancellor of the Chancellor. ESTIMATED REVENUE, 1923-24. £ 116,900,000 ESTIMATED EXPENDITURE, 1923-24. CONSOLIDATED FUND SERVICES. £ 350,000,000 3,000,000 12,650,000 10,348,000 1,500,000 2,972,000 TOTAL CONSOLIDATED £380,470,000 Payments to Local Taxation Other Consolidated Fund Ser- (RATES OF INCOME TAX AND SUPER-TAX). TABLES ILLUSTRATING THE EFFECTIVE RATES OF INCOME TAX (INCLUDING SUPER-TAX) UNDER THE PROPOSALS OF THE CHANCELLOR OF THE EXCHEQUER FOR 1923-24. Presented to the House of Commons by Command of His Majesty. mon-drow LONDON: PRINTED & PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE To be purchased through any Bookseller or directly from H.M. STATIONERY OFFICE at the following addresses: Imperial House, Kingsway, London, W.C.2, and 28 Abingdon Street, London, S.W.1; 37 Peter Street, Manchester; 1 St. Andrew's Crescent, Cardiff; or 120 George Street, Edinburgh. 1923 Price 2d. net. Cmd. 1850. TABLES showing in the case of (a) SINGLE PERSONS, (b) MARRIED COUPLES without Children, and (c) MARRIED COUPLES entitled to the Allowance for Three Children, the amount of INCOME TAX (including Super-tax where the total income exceeds £2,000) PAYABLE ON CERTAIN INCOMES, and the EFFECTIVE RATES CHARGED in the £: (i) for the year 1922-23 (with Income Tax at the standard rate of 5s. in the £), and (ii) for the year 1923-24 (with Income Tax at the standard rate of 4s. 6d. in the £ as proposed by the Chancellor of NOTE.-The reduction in the standard rate of Income Tax from 5s. to 4s. 6d. in the £ automatically involves a reduction (a) Single Persons. TABLE showing amounts of Income Tax (including Super-tax where the total income exceeds £2,000) payable by Single Note. In the case of incomes exceeding £2,000, the above figures include Super-tax as well as Income Tax. |