§ Ms. Estelle Morris
To ask the Chancellor of the Exchequer if he will make a statement on the tax regime applicable to the payment of corporation tax on income accrued as a result of superannuation contribution holidays; and whether any differences exist with respect to the treatment of nationalised industries.
§ Mr. Dorrell
Companies can obtain a deduction from taxable profits only for superannuation contributions actually paid. This applies equally to nationalised industries as well as the private sector.