Corporate Sector (Taxation) (Hansard, 28 February 1986)

HC Deb 28 February 1986 vol 92 c725W 725W

§ Dr. Owen
asked the Chancellor of the Exchequer (1) what the increase in the total oil taxation in the corporate sector has been between 1979–80 and 1985–86 (a) in cash terms and (b) in real terms;
(2) what the increase in the non-oil taxation in the corporate sector has been between 1979–80 and 1985–86 (a) in cash terms and (b) in real terms.

§ Mr. Lawson
[pursuant to his reply, 27 February 1986]: The figures are as follows:

^*Change between 1979–80 and 1985–86 (£ billion)

(a) (b)

cash ^†1984–85 prices

1. North Sea revenues +9.1 +7.4

2. Onshore corporation tax^‡ +3.3 +0.6

3. Total +12.4 +8.0

^* Based on autumn statement forecast for 1985.86.
^† Deflated using GDP deflator.
^‡ Non-North sea mainstream corporation tax, plus advance corporation tax but excluding ACT set off against North sea liabilities.

^*Change between 1979–80 and 1985–86 (£ billion)
	(a)	(b)
	cash	^†1984–85 prices
1. North Sea revenues	+9.1	+7.4
2. Onshore corporation tax^‡	+3.3	+0.6
3. Total	+12.4	+8.0