HC Deb 06 December 1991 vol 200 c251W
Mrs. Clwyd

To ask the Chancellor of the Exchequer what was the total reduction in corporation tax receipts for provisions on doubtful sovereign debt owed to United Kingdom banks in 1990–91.

Mr. Maude

Corporation tax receipts in 1990–91 are provisionally estimated to be lower by about £650 million as a result of provisions for doubtful sovereign debt by banks operating in the United Kingdom.