§ 21. Mr. Ian Bruce
To ask the Chancellor of the Exchequer what benefit he expects to flow to small companies as a result of his corporation tax proposals.
§ Mr. Norman Lamont
Over 20,000 companies—40 per cent. of all companies paying corporation tax at more than 25 per cent.—will pay less tax. The reduction will amount to about £40 million in a full year.
§ 50. Mr. Bidwell
To ask the Chancellor of the Exchequer how much corporation tax has been paid by United Kingdom branches of United States banks for the six years to 31 December 1988; and how much tax has been assessed and stood over for the same period.