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5. The details of the amount of Duties, &c., viz., £4,377,902, collected or received by the Inland Revenue on behalf of other Departments are as follows:

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In addition to the collection of these sums of duty, the Inland Revenue rendered further services, principally in connection with Valuation and Currency Notes, to other Departments. The cost of all services to other Departments charged on the Inland Revenue Vote amounted to £488,058.

6. In this Report, the "Gross Receipt" of any tax or duty for any given financial year means the aggregate amount of tax actually collected and brought into our accounts within that year, no matter for what year the tax or duty may have been assessed or charged. It thus includes arrears of previous years. The "Net Receipt" is the "Gross Receipt" after deduction of "Repayments" made within the same year. These Repayments may similarly relate to tax repayable in respect of previous years. The "Exchequer Receipt" is the amount paid into the Exchequer within the year, and necessarily differs somewhat from the "Net Receipt" of that year, owing to the time required to realise remittances. This difference approximately represents the variation between the amount of unrealised. remittances brought forward from the previous year and that carried forward to the following year.

(29598)

A 4

TOTAL INLAND REVENUE DUTIES.

TABLE 2.-Budget Estimate, Exchequer Receipt, and

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TABLE 3.-Budget Estimate, Exchequer Receipt, and

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* Excluding receipts from Estate Duties and Stamp Duties in Northern Ireland after 21st November, 1921† Reserved Taxes in Northern Ireland.

Great Britain and Northern Ireland (Reserved Taxes).

Head of Revenue.

TABLE 4.-Net Receipt, all Inland Revenue Duties-1916-17 to 1926-27.

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642,760

Inhabited House Duty

..

1,859,526

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524,138
186,538,039 214,856,990

709,867
257,707,799

25,097,630 25,742,554 25,143,566 36,637,708 40,613,627 45,145,725
6,094,516 5,992,944 5,656,455 6,122,269 6,567,454 7,375,262
7,764,416 8,553,824 12,417,021
26,540,814 19,577,271
653,480 682,737
577,490
1,887,793 1,941,396
1,942,584
650,908
450,261

48,463,487 49,804,961 50,514,243 52,861,205 59,086,239 8,031,180 7,751,866 8,403,046 8,469,195 8,345,552

22,891,467

21,851,257

21,578,756

22,758,159

25,129,369

24,869,556

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19,140,411 23,278,704 35,560,083 42,404,597 55,668,985 61,351,366 63,910,222 61,746,785 62,989,313 67,833,068 66,295,611
141,614,932 223,116,090 283,976,861 289,208,046 218,099,128 29,670,692
2,758,238
1,122,546 -1,867,540
2,382,849 4,583,561
701,177 17,704,395 18,814,570 23,451,273 18,005,102 11,704,657 3,875,096

TOTAL

389,315,355 504,816,147 623,673,938 717,550,771 691,154,128 518,728,696 479,503,503 436,716,591 442,349,586 427,408,361 398,048,110

• Excluding Transferred Taxes in Northern Ireland after 21st November, 1921.

TABLE 5.-Gross Inland Revenue and Cost of Services.

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• Excluding Munitions Levy collected by the Minister of Munitions prior to the transfer of the administration of the Levy to the Inland Revenue. Excluding Transferred Taxes in Northern Ireland after 21st November, 1921.

DEATH DUTIES.

7. The Death Duties on the Statute Book are seven in number, of which three only are payable in connection with deaths occurring at the present time, namely, the Estate Duty, a duty payable with reference to the passing of property on death; and the Legacy Duty and the Succession Duty, each of which is a duty payable with reference to the acquisition of property by beneficiaries. The remaining four, namely, Probate Duty (in Scotland called Inventory Duty), Account Duty, Temporary Estate Duty and Settlement Estate Duty, are leviable in connection with deaths which have occurred during certain specified periods, the last of which expired on the 12th May, 1914, and are, therefore, now of very little importance.

8. The Net Receipt of the Death Duties in Great Britain in the year 1926-27 was £67,431,791 as compared with £61,330,400 in the previous year. The details for the two years, with the increases and decreases, are shown in the following table:

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