§ Mr. Peter BottomleyTo ask the Chancellor of the Exchequer, excluding corporation tax, how much in total will have been lawfully received in tax through and from building societies in each financial year from 1984–85 on the basis of clause 50(a) being enacted and (b) not being enacted.
§ Mr. MaudeNet receipts of income tax from building societies, excluding those subsequently repaid as the result of decisions by the courts, are shown in the second column of the table. The third column shows the corresponding receipts after deducting the estimated amount of income tax due for repayment if clause 50 were not enacted. Such repayment would increase societies' liability to corporation tax.
Years £ million 1984–85 1,844 1,844 1985–86 2,608 2,608 1986–87 2,481 2,277 1987–88 2,694 2,673 1988–89 2,678 2,677 1989–90 3,655 3,654