§ 21. Mr. Ian BruceTo ask the Chancellor of the Exchequer what benefit he expects to flow to small companies as a result of his corporation tax proposals.
§ Mr. Norman LamontOver 20,000 companies—40 per cent. of all companies paying corporation tax at more than 25 per cent.—will pay less tax. The reduction will amount to about £40 million in a full year.
§ 50. Mr. BidwellTo ask the Chancellor of the Exchequer how much corporation tax has been paid by United Kingdom branches of United States banks for the six years to 31 December 1988; and how much tax has been assessed and stood over for the same period.
§ Mr. LilleyI regret that the information could be provided only at a disproportionate cost.