Corporate Taxation (Hansard, 31 October 1989)

HC Deb 31 October 1989 vol 159 c140W 140W

§ Q100. Mr. Nicholas Bennett
To ask the Prime Minister what estimates she has made about the likely consequences for British industry and commerce of a rise or fall in the level of corporate taxation.

§ The Prime Minister
A change of one percentage point in the full rate of corporation tax from 1 April 1989 is estimated to have a full-year effect on tax payments of £580 million. An equivalent change in the small companies' rate is estimated to have a full-year effect of £50 million.