HC Deb 14 November 1966 vol 736 c25W
Mr. Barnett

asked the Chancellor of the Exchequer, in the latest year for which the information is available, how many limited companies had adjusted profits for tax purposes of nil, less than £1,000, less than £2,000, less than £3,000, less than £4,000, less than £5,000, less than £10,000, less than £20,000, less than £50,000, and less than £100,000, respectively.

Mr. MacDermot

The numbers of Income Tax assessments made in 1964–65 on the trading profits of companies with net profits, after deducting capital allowances, below these levels were as follows:

£ Cumulative number ('000)
Nil 128
Less than 1,000 218
2,000 239
3,000 249
4,000 255
5,000 260
10,000 272
20,000 281
50,000 289
100,000 295