HC Deb 21 March 1985 vol 75 c596W
28. Mr. Ron Lewis

asked the Chancellor of the Exchequer if the total tax bill in 1985–86 is expected to be lower or higher than in 1984–85.

Mr. Moore

North sea tax receipts, and onshore corporation tax (reflecting the strong growth in profits in 1983 and 1984), are expected to rise sharply between the two years. Largely as a result, total taxes and national insurance contributions, including local authority rates, are forecast higher in real terms in 1985–86 than in 1984–85.

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