HC Deb 06 February 1976 vol 904 cc777-8W
Mr. David Mitchell

asked the Chancellor of the Exchequer how many small companies—using the Bolton Report definition—did not pay corporation tax during their last financial year.

Mr. Joel Barnett

I will let the hon. Member have a reply as soon as possible.

Mr. David Mitchell

asked the Chancellor of the Exchequer if he will publish a table from VAT statistics showing the number of small firms and sole traders whose turnover is between £5,000 and £6,000 per annum and, respectively, defined as total incomes less direct taxation and social security contributions, for 1946 to 1974.

Mr. Dell

The following table gives estimates of privately financed consumption and personal disposable income in index number form at current and constant prices. There are a number of uncertainties involved in making estimates of privately financed consumption before 1970 on a basis consistant with recent figures, and the series given should be regarded as approximate only. The estimates of personal disposable income exclude receipts by the personal sector of current grants from abroad.

£6–7,000, £7–8,000, £8–9,000, £9–10,000, £10–12,000, £12–15,000, £15–20,000 and £20–25,000 per annum and such higher figures as can reasonably be obtained up to £250,000 per annum.

Mr. Robert Sheldon

The following table contains such information as is available:

Approximate number of persons registered for VAT
Taxable Turnover £ (thousand) No. of Registrations (thousands)
5-9.9 250
10-19.9 300
20-49.9 300
50-99.9 150
100-499.9 125