SALES TAX RECORD
RETURN IN DECEMBER BRISK CHRISTMAS TRADE YEAR'S REVENUE 13,498,438 Indictive of a particularly busy Christmas shopping season sales tax revenue in December reached the highest monthly figure since the tax was instituted five years ago. The tax collected during tke month was £329,356, which was £18,309 more than that received during December, 1937, and £11,758 greater than the previous record total established in January, 1938. As certain prime necessities are exempt from the tax its growth is a reflection of the freer purchase of goods outside of the necessity class. December is normally the best month of the year, although the January total is usually high since it is also influenced by Christmas and holiday trading. Monthly collections for the past two years compare as follows:
•Record. The total tax collected in 1938 was £19,450 greater than that received in 1937, and £607,066 more than the amount for 1936.
1938. £ 1937. £ January . 317,539 294,431 February ... 230,525 194,624 March , 277,690 296,637 April ... 292,281 295,082 May . 273,087 309,796 June .. 285,738 283,094 July ... 295,664 278,968 August .... 287,519 301,002 September .296,020 300,714 October .......... 308,579 305,769 November . 304,381 307,824 December 329,356' 311,047 Total ... 3,498,438 3,478,988
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Bibliographic details
Wanganui Chronicle, Volume 83, Issue 56, 8 March 1939, Page 9
Word Count
193SALES TAX RECORD Wanganui Chronicle, Volume 83, Issue 56, 8 March 1939, Page 9
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