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Corporation Tax

Volume 462: debated on Thursday 28 June 2007

To ask the Chancellor of the Exchequer what projections were made of non-North Sea corporation tax receipts in (a) the preceding Budget and (b) the Pre Budget report in each financial year from 2000-01 to 2006-07; and what the outturn receipts were in each year. (145038)

Projections and outturns of on-shore corporation tax receipts can be derived from the current receipts tables in the public finances chapters of the Financial Statement and Budget report and pre-Budget reports.

An analysis of the difference between forecast and outturn for the year-ahead forecasts from the previous two Budgets is published in the End of Year Fiscal Report. This is published annually alongside the pre-Budget report.