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Advertising Expenditure (Levy)

Volume 12: debated on Wednesday 11 November 1981

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asked the Chancellor of the Exchequer what would be the estimated yield from (a) a 10 per cent. and (b) a 20 per cent levy on all advertising expenditure, presently allowable as a deduction from corporation tax liability by corporate bodies, based on the returns for the most recent year.

I regret that the data are not available from which to estimate a yield.