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Tuesday, 16 August 1960

On the basis of existing legislation, Sales Tax collections in 1960-61 are estimated at £179,000,000, or £14,815,00 greater than in 1959-60.

The increase in 1959-60 was £20,568,000. A smaller increase is estimated for 1960-61 largely because sales of motor vehicles and television sets are not expected to show as great an increase as they did in 1959-60.

The net effect of the changes in Sales Tax now proposed would be to increase the estimate of collections in 1960-61 by £1,379,000 to £180,379,000.

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