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Advance Corporation Tax

Volume 930: debated on Thursday 21 April 1977

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asked the Chancellor of the Exchequer what is the latest date on which he can announce the possible change in the rate of advance corporation tax from 35 per cent. to 33 per cent.

It would be my right hon. Friend's intention to announce the consequential change in the rate of advance corporation tax from 35/65ths to 33/67ths on the same day as he announced a reduction in the basic rate of income tax from 35 per cent. to 33 per cent. If the hon. Member has a particular problem in mind, he may like to write to me.