SALES TAX YIELD

Wanganui Chronicle, Volume 80, Issue 122, 26 May 1938, Page 11

SALES TAX YIELD

DECLINE IN MARCH YEAR'S TOTAL A RECORD £3,519,109 FOR PERIOD The revenue from sales tax in March was £277,690. While it is an increase of £47,165 on the February total, it is considerably below the average monthly figure of the past financial year, having been exceeded in every month except February, which is the smallest tax producing month of the year. The March rei.ura compared with the corresponding figure of 1937 was £18,947 lower. The revenue collected for the financial year, according to the table of yields in the Abstract of Statistics, was £3,519,109, compared with £3,044,613 in the previous year. The following table compares the monthly yield of the tax in the past two years:—

The yield of the tax in the financial year was easily a record. The return of £3,519,109 is rather higher than the amount of £3,499,000 announced by the Minister of Finance, Mr. Nash, in his preliminary survey of the national finances.

1937 £ 1936 £ March . 296,637 206,101 April ... 295,(182 234,491 May ... 309,796 233,493 June .... 283,094 241,154 July .... 278,968 232,237 August . 301,002 252,621 September ... . 300,714 254,669 October . 305.769 266,710 November ... 307,821 272,543 December .... 311,047 277,375 1938 1937 January ... 371,598 294,431 February .... 230,525 194,624 March .... 277,690 296,637