§ 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.