§ 13. Mr. TredinnickTo ask the Chancellor of the Exchequer what representations he has received from small businesses concerning reductions in corporation tax.
§ Mr. MaudeMy right hon. Friend has received a number of representations from small businesses and representative bodies. The overwhelming majority support the Budget measures.
§ 21. Mr. John MarshallTo ask the Chancellor of the Exchequer what representations he has received about the level of corporation tax.
§ Mr. Norman LamontWe have received a number of representations.
§ 23. Mr. Ian BruceTo ask the Chancellor of the Exchequer what is the rate of corporation tax in the United Kingdom; and what is the average rate in other European Community countries.
§ Mr. MaudeThe main rate of corporation tax will be 34 per cent. for 1990 and 33 per cent. for 1991, down from 52 per cent. in 1979. The EC average, excluding the United Kingdom, for 1990 is 40.2 per cent. Germany's rate is 50 per cent.; Belgium's is 43 per cent. and France's is 34 per cent. Britain and Luxembourg now have the lowest main rate of corporation tax in the Community.