§ Mr. Ron Thomasasked the Chancellor of the Exchequer (1) if he will arrange to publish in the Official Report total corporation tax receipts for each of the last 10 years for which statistics are available (a) in current prices and (b) at 1970 prices;
(2) what proportion of total tax revenue was accounted for by corporation tax receipts in each of the last 10 years for which statistics are available.
§ Mr. Denzil DaviesFollowing is the information:
Financial year Corporation tax receipts (current prices) £ million Percentage of total tax revenue(*)(†) 1967–68 … 1,214 11.7 1968–69 … 1,344 11.3 1969–70 … 1,695 12.4 1970–71 … 1,582 10.7 1971–72 … 1,554 10.0 1972–73 … 1,533 9.6 1973–74 … 2,262 12.5 1974–75 … 2,859 12.3 1975–76 … 1,996 7.0 1976–77 … 2,655 8.0 (*) Central Government revenue from taxes on income, taxes on expenditure and taxes on capital. (†) Including the advance corporation tax paid by companies in respect of dividend payments from April 1973. There is no satisfactory way of measuring corporation tax in terms of 1970 prices.