§ Mr. David Mitchellasked the Chancellor of the Exchequer (1) if he will publish a table showing the estimated net additional cost to the Exchequer of lifting corporation tax relief for small companies from £15,000, graded off to £25,000 as provided in the 1972 Finance Act, to £18,000, graded off to £28,000, £20,000, graded off to £30,000, £25,000 graded off to £35,000, £30,000 graded off to £40,000, £35,000, graded off to £45,000, £40,000, graded off to £50,000, £45,000, graded off to £55,000, £50,000, graded off to £60,000, and £55,000, graded off to £65,000 and 538W similar tables with gradings off before standard rate corporation tax applies increased from £10,000 to £15,000 and £20,000 and £25,000;
(2) what would be the estimated cost of reducing corporation tax for small companies from 42 per cent. to 39 per cent. in conjunction with raising the level of profits to which they apply from £15,000, graded off to £25,000, to £25,000, graded off to £35,000, and to £35,000, graded off to £50,000, respectively;
(3) what would be the estimated net cost to the Treasury of charging corporation tax for small companies, as defined in the 1972 Finance Act, at the rate of 41 per cent., 40 per cent., 39 per cent., and 37½ per cent., instead of 42 per cent., respectively.
§ Dr. GilbertI will let the hon. Member have replies as soon as possible.