Income-tax rates, 1910-21.
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Nominal rate Rate on earned income Rate of Super Tax
1909-10 to I9I3-4
I9H-5*
I9i5-6f
1916-7 and 1917-8
1918-9 and 1919-20
1920-1
IS. 2d.
gd. to is. 2d. 6d.
is. 3d. gd. to is. 3d. 5d. to is. 4d.
2s. 6d. is. 6d. to2s. 6d. lod. to2s. 8d.
5s- 2s. 3d. to 53. lod. to 33. 6d.
6s. 2s. 3d. to 6s. is. 1043. 6d. Changeable on incomes over 2,500.
6s. (Standard Rate) 33. (Half Rate) is. 6d. to 6s. Limit re- duced to 2,000.
- The rates for 1914-5 were doubled for the last four months of the Income Tax year.
fThe rates for 1915-6 were increased by 40% for the second half of the year and Super Tax extended to 33. 6d.
Expenditure, 1910-21 (ooo's omitted).
1909-10
1910-1
I9II-2
1912-3
1913-4
I9H-5
I9J5-6
1916-7
1917-8
1918-9
1919-20
1920-1
Total National Debt Services Payments to Local Taxation Accounts, etc. Other Consolidated Fund Serv- ices (Civil List, Annuities & Pensions, Salaries & Al- lowances, Courts of Justice, & Misc. Services)
21,758 9,445
1,654
24,554 9,882
1,664
24,500 9,636
1,693
24,500 9,653
1,692
24,500 9,734
1,694
22,669 9,529
I,6Q3
60,249
9,757
2,788
127,250 9,895
i,974
189,851 9-731
1,670
269,965 9,681
1,699
332,034 10,746
1,948
349,599 10,785
1-796
Army Ministry of Munitions . Navy Air Force
27,236 35,807
27,449 40,386
27,649 42,858
28,071 44,365
28,346 48,833
28,886 5L550
ti5
L?
f'
T*7
fi5 t i
TI/
ti5 f i
T'7
t 7
395,000
156,528 52,500
X X X X
X X
X X
TOTAL CIVIL SERVICES .
40,010
43,09
46,OOI
51,944
53,90i
56,956
54,7i8
54,113
61,242
67,988
569,054
X X
"Customs and Excise .
- Inland Revenue .
Post Office Services
2,116 1,226 18,693
2,211 1,708 I9,68l
2,297 1,654
20,547
2,324 1,876 23,024
2,43i 2,052 24,607
2,479 2,123 26,060
2,5H 2,089 26,673
2,397 2,331
26,454
2,473 2,683 25,738
2,562 2,970 26,396
4,992 4,430 48,064
X X X X X X
TOTAL SUPPLY SERVICES
125,088
134,533
141,006
151,604
160,170
168,054
86,018
85,328
92,169
99,956
1,230,568
817,381
Votes of Credit (Naval and Military Operations, etc.)
.
357,ooo
1,399,652
1,973,665
2,402,800
2,198,000
87,000
TOTAL EXPENDITURE
CHARGEABLE AGAINST
REVENUE ....
157,945
171,906
178,54^
188,622
197.493
560.474
155.158
2,198,113
2,696,221
2,579,301
1-665,773
1,195,428
t Nominal amounts, the substantive issues being made under Votes of Credit.
j Included under Civil Services (Unclassified), in 1919-20.
x x Figures not available. * Excise transferred from Inland Revenue to Customs in 1909-10.
Direct Taxation, 1010-21.
Years ended March 31.
Land Tax.
Inhabited House Duty.
Property and Income Tax and Super Tax.
SuperTax.
Total.
Excess Prof- its Duty.
Schedules.
A. | B.
c.
D.
E.
i
1909-10
118,108
521,932
1 ,560,000
50,000
2,085,000
7,907,048
1,150,000
12,752,098
1910-1
11,209,648
13,212,026
15,802,000
316,000
2,530,000
37,439,439
4,418,000
2,891,000
t63, 396,439
-
1911-2
747,377
2,109,877
10,164,000
207,000
2,768,000
25,285,043
2,892,000
3,018,000
44.334,043
1912-3
687,173
,955,887
10,003,000
203,000
2,794,000
25,203,392
2,909,000
3,600,000
44,712,392
I9I3-4
690,007
,994,400
10,304,000
214,000
2,867,000
27,293,763
3,223,000
3,339,008
47,240,771
I9H-5
661,376
,886,692
13,391,000
273,000
3,724,000
37,639,831
4,396,000
10,121,023
69,544,854
1915-6
679,797
,975,068
24,287,000
617,000
9,377,000
69,785,936
8,306,000
16,787,654
129,160,590
187,846
1916-7
653,480
,887,793
37,100,000
3,120,000
18,500,000
116,898,039
10,920,000
19,140,411
205,678,450
141,614,932!
1917-8
682,737
-941,396
39,000,000
2,820,000
15,000,000
139,036,990
19,000,000
23,278,704
238,135,694
223,116,090^
1918-9
642,760
,859,526
21,900,000
4,820,000
19,700,000
185,647,799
25,640,000
35,560,083
293,267,882
283,976,861!
1919-20
671,200
,935,413
44,000,000
7,900,000
22,000,000
209,829,475
32,800,000
42,404,597
359,434,072
289,208,046::
1920-1
650,000
,900,000
394,146,000
219,181,000!
NOTE. The figures in the above table give the amount of the actual net receipts derived from the Revenue due to the Exchequer.
- The net receipt of Property and Income Tax, etc., represents the amount of tax actually collected within the year (irrespective of
the year of assessment) less the amount of Tax refunded, etc., within the year. The amounts under the several schedules show the approx- imate net receipt of the Tax based on the assessments of property and income under each schedule.
flncluding arrears of 1909-10.
! Includes Munitions Levy.
After the War. With the termination of the war, taxation in some directions was stiffened, and the revenue continued to expand until it reached the unprecedented figure of i ,425,985,000 in 1920-1. In the 1919 Budget death duties on estates over 2,000,000 were raised to 40% and the tax on the larger incomes was raised slightly, thus hastening the break-up of the historic country estates, which became a feature of the social changes in the post-war period. The tax on beer was raised from 2 1 55. 6d. per 36 gal. to 3 ios., and that on spirits from i tos. to 2 tos. for proof gallons. It may be explained here that the highest pre- war rate of income tax was is. 3d. in the pound, in 1919-20 it was 6s. In 1914 an earned income of 600 paid i 8 in income tax ; in 1910-20 it paid 75, which shows that roughly the income
tax was multiplied by four. A feature of the 1919-20 Budget was the introduction of a form of Imperial Preference. In 1920 a Royal Commission which had been appointed to consider the question of income tax made certain recommendations of reform. Some of these were incorporated in the Finance Act of 1920, whereby a radical alteration was effected in the method of granting relief in favour of earned income, and of the method of graduating the burden of the tax . Exemption from tax was granted to single persons up to 135 (and up to 150 in the case of earned incomes) and to married persons (without children) to 225 (and up to 250 if wholly earned). In arriving at assessable income a person was allowed to deduct one-tenth of all earned income, up to a limit of 200. That is to say, a person with an
