PETROL TAX

Evening Post, Volume CXIV, Issue 126, 24 November 1932, Page 15

PETROL TAX

TOTAL OF £1,677,520

MAIN HIGHWAYS FUND

An analysis of the yield and distribution of the motor-spirits taxation is givenfjiii the annual- report of the Transport Department, which was presented to the House of Representatives to-day..-/ The" gross yield for the "year '> ended 31st March last was £1,817,890, | and the refunds amounted to £140,370, leaving a net tax of £1,677,520. tThe net yields for the last, five year* are as follows:— ' £' . 1928 ..:......... 143,516* 1929 , 802 93-> 193(T ...... .. 961,097 1931' 1,314,4501 1932 ~ 1/677,5201 . Total since inception ■ ' of tax .. , £4,899,625 *Parf year only, tlncrease from 4d ♦o 6d per gallon as from 22hd July, 1930. tlnei-ease from Gd to 8d per gallon as from 7th October, 1031. "There has been an increase in the applications for refunds since the tax was increased .to Bd," states the report: "There- are two main reasons for this —firstly, the financial stringency due to the prevailing depression, and, secondly, the increase in the tax, which has now made it worth while for people to claim refunds that they did not worry about when the-tax was-6d." . - The distribution of the net yield of the petrol tax for the year ended 31st March last was as follows:— ' r •'•■ " "'-.'" - . - ■ -£ ■■ Main Highways Board ... 1,231,202 Boroughs (pop.- of 6000 and over) , 107,061 Consolidated Fund ....;... 321,685 Commission to 'Customs De- , partmeiit . 17,572 Total .............;. £1,677,520 After the Ist. August, 1930, the proportion, of petrol-tax paid' to boroughs with populations of 6000 and over was reduced from 8 per cent, to 54 per cent., but the 8 per cent, was "reinstated as from Ist April, 1931. ■