Corporation Taxes

HC Deb 01 March 1990 vol 168 c263W

Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what was the total take for corporation taxes as a percentage of gross domestic product, and of company incomes for each year from 1979–80, including his estimate of the outturn for 1989–90.

Mr. Lilley

The available information is as follows:

Year	Corporation tax1 as a proportion of
	Gross domestic product2 Percentage	Company incomes3 Percentage
1979–80	2.3	11.7
1980–81	2.0	12.0
1981–82	1.9	11.7
1982–83	2.0	12.2
1983–84	1.9	10.5
1984–85	2.5	12.5
1985–86	2.9	14.1
1986–87	3.5	18.6
1987–88	3.7	17.7
1988–89	4.0	18.4
1 Mainstream plus Advance Corporation tax, Excluding Public Corporations.
2 At Market Prices, calendar year.
3 Total company income in the calendar year as defined in the national accounts, net of interest payments.

Reliable estimates for the current year are not yet available.