Skip to main content

Corporation Tax

Volume 450: debated on Monday 23 October 2006

To ask the Chancellor of the Exchequer what change in annual revenue he would expect from removing allowances other than prior losses against corporation tax and reducing the rate to 25 per cent. (95675)

Latest available estimates of the effect on tax receipts of changes in the rate of corporation tax can be found on the HMRC website at http://www.hmrc.gov.uk/stats/tax_expenditures/1_6_ apr06.pdf, and available estimates of the impact of tax reliefs can be found at http://www.hmrc.gov.uk/stats/tax_expenditures/1_5_apr06.pdf