HC Deb 21 May 1984 vol 60 c307W
Mr. Grylls

asked the Chancellor of the Exchequer what is the cost to the Exchequer of exempting the first £5,000 of taxable profit for companies whose profits are taxed wholly at small companies corporation tax rate.

Mr. Moore

Were it feasible to make this change without other alterations in the tax stucture, the cost of the exemption would be about £120 million in a full year at the rate proposed in the Finance (No. 2) Bill 1984.