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Company Taxation

Volume 114: debated on Wednesday 8 April 1987

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asked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing for 1957–58, 1967–68, 1977–78 and the latest financial year for which figures are available the total amount of tax paid by companies and the components, including the amounts deducted by way of tax on dividends, selective employment tax, national insurance contributions and national insurance surcharges, together with a forecast for the outturn in the current financial year and a forecast for the next financial year on the basis of profits earned to date.

[pursuant to his reply, 30 March 1987, c. 396]: No estimates are available for total taxes paid by companies. Figures for taxes on company incomes were published in Economic Trends annual supplement (January 1987); Table 168 contains annual figures back to 1955 and Tables 169 to 172 have quarterly figures back to 1960. Advance corporation tax paid on dividends is shown separately in these tables. Figures for capital taxes paid by companies are published in "National Income" Blue Book table 9.6 for 1975 onwards on a calendar year basis.

Latest estimates for 1986–87 and forecasts for 1987–88 for receipts of corporation tax and petroleum revenue tax, which together account for virtually all of taxes on income and capital paid by companies, were given in the "Financial Statement and Budget Report", table 6B.3.

Official statistics for taxes on expenditure and national insurance contributions do not separately identify those taxes paid by companies.