§ 15. Mrs. RoeTo ask the Chancellor of the Exchequer what estimate he has made of the annual cost to business of new taxes introduced since May 1997. [92747]
§ John HealeyThe net effect of the Government's Corporation Tax changes introduced since 1997 is to reduce the corporate tax burden on business. We now have the lowest corporation tax rates in UK history. We have introduced a series of targeted measures, including tax credits for R&D to reward entrepreneurship.