§ Mr. Hooleyasked the Chancellor of the Exchequer what are the total receipts to 344W the Exchequer from corporation tax on profits arising from British corporate assets in South Africa for each of the last five years.
§ Mr. Denzil DaviesI regret this information is not available. United Kingdom companies are charged to corporation tax on their total profits irrespective of where the underlying assets are and no record is kept of the aggregate tax attributable in any sense to profits from particular countries.