HC Deb 28 January 1969 vol 776 c280W
Mr. Barnett

asked the Chancellor of the Exchequer what estimate he has made of the additional revenue in 1969–70 and 1970–71 arising from an increase in the rate of Corporation Tax from 42½ per cent. to 45 per cent.

Mr. Taverne

On the basis of the Budget Estimates an increase of 2½ per cent. on profits in the financial year beginning 1st April, 1967, would yield £57 million in 1968–69 and £98 million for a full year It is not the practice to give estimates relating to the coming year before the Budget.

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