WEDNESDAY, FEBRUARY 29, 1984
23
SIR JOHN SAID THAT TODAY, AS FAR AS INDIRECT TAXATION WAS CONCERNED. HE PROPOSED PRACTICALLY NO INCREASES ON THE MOTORIST AND USER OF TRANSPORT. THERE WOULD BE NO CHANGE IN TAXATION OF TOBACCO, HYDROCARBON OILS (INCLUDING BOTH PETROL AND DIESEL). DRIVING LICENCES, VEHICLE LICENCES, COMPANY REGISTRATION FEES ENTERTAINMENT, HOTEL ACCOMMODATION AND AIR PASSENGER DEPARTURES. FOR THE ROAD USER HE WAS PROPOSING ONLY INCREASES RELATING TO TWO TUNNELS.
OTHER INCREASES IN INDIRECT TAXATION WOULD ARISE ON BETTING DUTY, RATES, DUTIES ON IMPORTED WINES AND SPIRITS AND SELECTED FEES AND CHARGES, INCLUDING FEES FOR DEPOSIT-TAKING
INSTITUTIONS.
FOLLOWING IS A SUMMARY OF THE PROPOSALS:
BUDGET PROPOSALS
ADDITIONAL REVENUE
($ MN)
EARNINGS AND PROF ITS TAX
903
DUTIES ON LIQUOR
50
ADJUSTMENTS TO THE GENERAL RATE
175
BETTING DUTIES
151
CROSS HARBOUR TUNNEL TAX
140
FEES AND CHARGES
35
TOTAL
1 454
PROCEEDS FROM THE ISSUE OF BONDS
1 000
/«4
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