§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what is his estimate of the amount deducted by way of interest before charging corporation tax in the current financial year in cash terms and as a proportion of trading profits; and if he will provide an estimate for manufacturing industry and for the corporate sector less production industries.
§ Mr. MooreThe figures of interest paid by companies and public corporations appear in tables 5.1 and 6.2 respectively of the "National Income Blue Book", together with gross profits. The charge to corporation tax in the current financial year is largely determined by profits, interest, etc. in 1984 and these figures will appear in the 1985 "National Income Blue Book" to be published in September. Figures up to 1983 were published in the 1984 issue. Apart from the separation of the company totals into industrial and commercial companies (table 5.4) and financial companies and institutions (table 5.5), there is no industrial breakdown.