Corporation Tax Yield (Hansard, 6 November 1974)

HC Deb 06 November 1974 vol 880 c157W 157W

§ Mr. Cordle
asked the Chancellor of the Exchequer how much was raised by corporation tax in each of the financial years since its introduction; and what is the estimated yield for the current financial year.

§ Dr. Gilbert
The figures for net receipts are as follows:

Year £ million

1966–67 1,048.9

1967–68 1,214.4

1968–69 1,343.8

1969–70 1,696.7

1970–71 1,582.7

1971–72 1,553.6

1972–73 1,533.1

1973–74 2,262.0^*

1974–75 3,265†

^* Including advance corporation tax for about nine months.

† Estimated yield for 1974–75 given in the March Financial Statement and Budget Report—including advance corporation tax and ACT addition.

Year	£ million
1966–67	1,048.9
1967–68	1,214.4
1968–69	1,343.8
1969–70	1,696.7
1970–71	1,582.7
1971–72	1,553.6
1972–73	1,533.1
1973–74	2,262.0^*
1974–75	3,265†
^* Including advance corporation tax for about nine months.
† Estimated yield for 1974–75 given in the March Financial Statement and Budget Report—including advance corporation tax and ACT addition.