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Corporation Tax

Volume 124: debated on Monday 7 December 1987

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To ask the Chancellor of the Exchequer if he will give (a) the total revenue received from corporation tax and (b) that sum as a percentage of all revenue received from taxation, for each year since 1979.

[holding answer 1 December 1987]: The information is as follows:

Net receipts of corporation tax1
£ millionPer cent.2
1978–793,9408·1
1979–804,6467·6
1980–814,6456·5
1981–824,9305·7
1982–835,6796·2
1983–846,1846·4
1984–858,3417·8
1985–8610,7089·4
1986–8713,49511·3
1 Including advance corporation tax.
2 As percentage of total taxes and royalties.

Source: Table 3.13 and S24 Financial Statistics.