HC Deb 15 March 1990 vol 169 cc377-8W
Mr. Allen

To ask the Chancellor of the Exchequer what percentage of company income went in taxes in 1978–79 and 1988–89.

Mr. Lilley

The information requested is as follows:

Year Per cent.
1978–79 38.9
1988–89 38.7

Taxes comprise corporation tax, petroleum revenue tax, employers' national insurance contributions, national insurance surcharge and business rates.

Company income, including public corporations, in the calendar year is as defined in the national accounts, net of interest payments.