HC Deb 30 October 1990 vol 178 cc491-2W
Mr. Fearn

To ask the Chancellor of the Exchequer if he has any plans to simplify corporation tax return and PAYE payment procedures for small businesses.

Mr. Maude

The Government are introducing new arrangements for making returns and payments of corporation tax. These new procedures, which are known as pay and file, will come into effect in 1993 on present plans. They are designed to simplify and streamline the corporation tax system for all companies, including small incorporated businesses.

Financial perspective Draft budget
mecu 2£ million mecu 2£ million
Commitment appropriations
1. FEOGA guarantee 33,000 22,997 30,104 20,976
2. Structural funds 14,054 9,794 13,897 9,684
3. R and D and integrated Mediterranean programmes 2,516 1,753 2,129 1,484
4. Other policies 4,255 2,965 3,853 2,685
5. Reimbursements and administration 4,559 3,177 3,699 2,578
6. Monetary reserve 1,000 697 1,000 697
Total 59,384 41,383 54,682 38,106
Total payment1 appropriations 56,950 39,686 52,423 36,532
1 There is only a global ceiling for payments.
2 The ERM central rate of £1 = 1.435 ecu is used throughout this reply.

Provision for agricultural guarantee expenditure is about 2,896 mecu (£2,018 million) below the financial perspective. The draft budget also includes provisions of 810 mecu (£564 million) for the cost of depreciating existing agricultural stocks, and of 1,000 mecu (£697 million) for a monetary reserve which can be drawn up only to cover part of any additional agricultural expenditure arising from a change in the ․-ecu exchange rate.

Non-obligatory expenditure (DNO) in the draft budget totals 20.9 becu (£14.6 billion) in commitments and 18.6 becu (£13.0 billion) in payments. In accordance with the

There has been a recent efficiency scrutiny on PAYE payment dates and the scrutineer made a number of detailed recommendations for improvements to administrative procedures and working arrangements which are being considered.