The Pamphlet Collection of Sir Robert Stout: Volume 14
Statistics of Land Tax
Statistics of Land Tax
Amount of Land Tax charged, per Act 38 Geo. III. cap 5 (1798) :—England, £1,989,673; Scotland, £17,954. Total for Great Britain, £2,037,627.
|Amount of Land Tax Redeemed under Act 42 Geo. III. cap. 116, and subsequent Acts.||Amount of Land Tax Redeemed by the Application of Surplus under Act 24 and 25 Vic. cap. 91.||Total Amount of Land Tax Redeemed.|
|England.||Scotland.||Great Britain.||England.||Scotland.||Great Britain.||England.||Scotland.||Great Britain.|
|1798 to 1863||770,132||13,024||783,156||1,238||1,238||771,370||13,024||784,394|
|1884 In this year 1,628 contracts were entered into, for a total of||3,013|
|1885 In this year 1,433 contracts were entered into, for a total of||2,720|
|Total amount extinguished (for about £30,500,000). See note foot of p. 182.||£859,199|
Note.—The duties on Offices and Pensions, repealed per Act 39 Vict. cap. 16. In the year 1798 they amounted to £125,964, but in 1875 the amount payable prior to the repeal was only £737.
|Amount of Net Quotas of Land Tax Payable to the Revenue.||Amount of Excess of Assessment beyond the Net Quotas.||Excess of Assessment Awarded to Assessors and retained by Collectors.||Amount of Excess applied in Payment of Preparation of Valuation Rolls, &c.|
|Year.||England.||Scotland.||Great Britain.||England.||Scotland.||Great Britain.||England.||Scotland.|
|England.||Parts or Quotas apportioned to.||Proportionate Quotas in 1877-8.||Amount Assessed to Schedule A in 1880-81 (inclusive of Canals, Mines Railways, &c.)||What 4s. in the pound on such Assessment would be|
Hence it appears that on the assessments of 1877-8, and on the produce of the Land Tax under Schedule A in 1881, in only one instance, that of Middlesex, did the quotas of the several counties of Great Britain reach more than 1s. in the £, all the rest being under 6d. Several were below a 1d., and some less than a farthing in the £. Thus, Cumberland and Lancashire figure for less than a halfpenny; Yorkshire was only good for threehalfpence, Scotland for 3/16 ths of a penny, and the general average for Great Britain was only a penny and three farthings. This is a pretty account to give of a Tax which is called by Act of Parliament one of 4s. in the £ on the full annual value, even though the valuation be only that of 1692. But this is not all. The assessments in question were exclusive of Mines, Quarries, Ironworks, and other descriptions of real property which were declared subject to the Tax by the Act of 1798, and which were transferred from Schedule A to Schedule D in 1866. From the 33rd number of the Statistical Abstract we learn that the gross annual value of property, exclusive of Canals, Gasworks, Ironworks, Mines, Quarries, Railways, and other Profits, &c., in Great Britain, assessed under Schedule A, in 1885, was £180,906,830, a real 4s. in the £ on which would yield £36,181,366 instead of £1,023,196, the paltry produce of its phantom namesake in 1886. Finally—these two facts seem worthy of consideration : in fourteen years of the reign of William III. the whole public income from all sources, including £51,946,621 2s. 8d. raised by creation of debt, was £107,437,540, to which the Land Tax contributed £20,776,865, i.e., more than a fifth part of the total amount, loans included; whereas in 1885-6 the public income from taxes and ordinary receipts amounted to £89,581.301, towards which the Land Tax yielded £1,023,196 only, which was not quite an eighty-seventh part of the total ordinary income, exclusive of money raised by the creation of debt.
The total amount of capital stock cancelled for redemption of Lund Tax was £28,905,641 up to 1869, with an annual saving of dividend of £867,166: since then the stock cancelled has amounted to about £1,300,000, with an annual saving of £40,000, and; further stock has been cancelled by the application of surplus land tax amounting to £250,000 with an annual saving of £7,500. j No Land Tax is levied in Ireland.
A person who wishes to redeem his Land Tax must apply to the clerk to the Land Tax Commissioners for the division in which the property is situated for a certificate of the amount to be redeemed. The clerk thereupon certifies the assessment, and attests the declaration of the redemptioner. The certificate and declaration are then sent to the Registrar of Land Tax at the Inland Revenue Office, in order that a contract for redemption may be made. Notice is then given of the amount of consideration money payable, and of the time and place of payment.