§ Mr. Meacherasked the Chancellor of the Exchequer what has been the level of corporation tax paid each year since 1960; and for each of these years what these amounts represent as a percentage, respectively, sources of comparable percentages in of gross trading profits and of gross national product.
§ Mr. Peter ReesCorporation tax first became payable on 1 January 1967. Before corporation tax, companies paid income tax and profits tax. The information requested in terms of company tax payments under these successive schemes, is as follows: