To ask the Chancellor of the Exchequer what was in each of the last five financial years the amount of corporation tax paid as a proportion of companies' pre-tax profits. [3375]
United Kingdom taxes on company income as a percentage of trading income before dividends calculated from calendar year national accounting aggregates are as follows:
- 1992: 16.4
- 1993: 14.1
- 1994: 13.7
- 1995: 17.1
- 1996: 18.7
To ask the Chancellor of the Exchequer if he has met representatives of pension funds and charities to discuss the impact of changes in advance corporation tax. [3744]
No.
To ask the Chancellor of the Exchequer if he will make a statement on the rate of advance corporation tax on dividends. [3330]
The rate of advance corporation tax on dividends for the financial year 1997 is 20/80, as set out in the last Finance Act.