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Lord Gainford
asked Her Majesty's Government:What projections they have of the contribution which company tax is likely to make to the Exchequer in the coming year, and how this compares with the contribution made by companies in the financial year just ending.
Lord Young of Graffham
Receipts of corporation tax are forecast to be £,19·8 billion in 1988–89 compared with the estimated outturn for 1987–88 of £15·6 billion.