None of the capital gains tax yield for 2001-02 is estimated to be received in the same year because capital gains tax liabilities are normally due for payment in the financial year following the tax year for which the liability arises. The first year yield in 2001-02 of a 50 per cent. The estimate is based on the Survey of Personal Incomes and is consistent with the March 2001 Budget. Information on average pay increases for staff outside the Senior Civil Service will be published in the forthcoming Departmental Report for the Chancellor's Departments. To ask the Chancellor of the Exchequer how much revenue the Treasury received in fines levied for failure to complete individual tax returns by 31 January in each financial year from 1997-98.
Taxpayers filing late under the self-assessment system render themselves liable for penalties.
Neither the Treasury nor the Inland Revenue levies fines for failure to complete individual tax returns by 31 January.