§ 24. Mr. GillTo ask the Chancellor of the Exchequer what proportion of the total amount raised by corporation tax came from private companies, and what was the amount for the most recently available fiscal year.
§ Mr. Norman LamontI regret that information is not available about the amount of corporation tax paid by private companies. Broadly speaking, the largest 1,000 companies and building societies account for roughly three quarters of the corporation tax collected. The estimated total yield for 1988–89 was £18.4 billion.