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Corporation Tax

Volume 202: debated on Tuesday 28 January 1992

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To ask the Chancellor of the Exchequer if he will give the figure of corporation tax paid in 1989–90 and 1990–91 for each of the three groups industrial and provident societies, building societies, and co-operative societies, which are aggregated on page 77 of the Inland Revenue Statistics 1991.

Building societies paid £614 million of mainstream corporation tax in 1989–90 and £556 million in 1990–91. Industrial and provident societies and co-operative societies paid £33 million in 1989–90 and £43 million in 1990–91. Further disaggregation of these figures could be provided only at disproportionate cost.