HC Deb 11 April 1983 vol 40 cc330-1W
Mr. Hordern

asked the Chancellor of the Exchequer what is the revenue in mainstream corporation tax from companies earning up to (a) £100,000 and (b) £500,000.

Mr. Wakeham

Total corporation tax on profits earned in 1982–83 is tentatively estimated at

  1. (a) £½ billion
  2. (b) £1 billion.

These estimates apply to profits earned up to the limits mentioned, reduced where appropriate for associated companies. The figure at (b) includes the figure at (a).

I regret that similar estimates are not available for mainstream corporation tax only.