§ Mr. Strawasked the Chancellor of the Exchequer what is the estimated total cost (a) in 1980–81 and (b) 1981–82 of allowing certain small companies to pay corporation tax at a rate lower than the 52 per cent. rate; and by how many companies it is estimated that this relief is enjoyed.
§ Mr. RidleyThe cost of the small companies' rate of corporation tax is estimated at £150 million in 1980–81 and £180 million in 1981–82. The number of companies which benefit from this relief varies from year to year, but lies in the region of 200, 000.