HC Deb 26 January 1982 vol 16 c294W
Mr. Straw

asked the Chancellor of the Exchequer what is the estimated total cost (a) in 1980–81 and (b) 1981–82 of allowing certain small companies to pay corporation tax at a rate lower than the 52 per cent. rate; and by how many companies it is estimated that this relief is enjoyed.

Mr. Ridley

The cost of the small companies' rate of corporation tax is estimated at £150 million in 1980–81 and £180 million in 1981–82. The number of companies which benefit from this relief varies from year to year, but lies in the region of 200, 000.