Corporation Tax (Hansard, 7 December 1987)

HC Deb 07 December 1987 vol 124 cc73-4W 74W

§ Mr. Mullin
To ask the Chancellor of the Exchequer if he will give(a) the total revenue received from corporation tax and (b) that sum as a percentage of all revenue received from taxation, for each year since 1979.

§ Mr. Norman Lamont
[holding answer 1 December 1987]: The information is as follows:

Net receipts of corporation tax¹

£ million Per cent.²

1978–79 3,940 8.1

1979–80 4,646 7.6

1980–81 4,645 6.5

1981–82 4,930 5.7

1982–83 5,679 6.2

1983–84 6,184 6.4

1984–85 8,341 7.8

1985–86 10,708 9.4

1986–87 13,495 11.3

¹ Including advance corporation tax.

² As percentage of total taxes and royalties.

Source: Table 3.13 and S24 Financial Statistics.

Net receipts of corporation tax¹
	£ million	Per cent.²
1978–79	3,940	8.1
1979–80	4,646	7.6
1980–81	4,645	6.5
1981–82	4,930	5.7
1982–83	5,679	6.2
1983–84	6,184	6.4
1984–85	8,341	7.8
1985–86	10,708	9.4
1986–87	13,495	11.3
¹ Including advance corporation tax.
² As percentage of total taxes and royalties.