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Mr. David Steel
asked the Chancellor of the Exchequer what was the total profit chargeable to corporation tax in each financial year since, and including, 1972–73.
Mr. Denzil Davies,
pursuant to his reply [Offical Report, 3rd March 1977; Vol. 927, c. 319], gave the following information:Estimates of the total net amount chargeable to corporation tax for accounting periods ending in each financial year since 1972–73 are:
| £ million | |
| 1972–73 | 7,200 |
| 1973–74 | 7,500* |
| 1974–75 | 7,800* |
| 1975–76 | 9,400* |
| *Provisional | |