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What became standard parliamentary tax?
Subsidy, replaced old system of 15ths and 10ths
What did subsidy require?
Tax payers to give info of their property and income to tax officials who determined their payment
When was the last time a subsidy style arrangement was used?
1334, crown raised sums based on accurate assessments, still not enough to fund H’s wars
How much was demanded as subsidy by Wolsey and what for?
4 shillings in the pound, brought in £800,000. For French wars
How uch was actually bourhgt in by subsidy?
£300,000
What was arranged in 1525?
Commissioners sent to collect Amicable Grant for France
What were the sum of the forced loans and what were they used for?
2 forced loans of £200000, to fund war, repaid to clergy, subsidy still being collected
What happened in East Anglia?
10000 men assembled at Lavenham in opposition, H had to cancel the Grant
Who did H blame for the failure of the AG?
Wolsey was used as the scapegoat
What did W try to do to increase revenue?
Increase it from crown lands given away at the start of H’s reign
How much did income from crown lands drop by?
£400,000 to £25000
What was raised in 1515?
An act of resumption, made some success in restoring crown lands, but not enough
How much did W raise in total?
Over £322,000 in subsidies, £240,000 in taxation and £260,000 in forced loans, not enough to cover the £1.7 million spent