§ Mr. MandelsonTo ask the Chancellor of the Exchequer if he will estimate the yield in 1992–93 and 1993–94 of restricting the carry-back of trading losses to(a) two years and (b) one year.
§ Mr. Dorrell[holding answer 12 July 1993]: Restricting the carry back of trading losses to two years in 1992–93 might have increased net corporation tax receipts by £300 million. A restriction of the carry back to one year might have increased receipts by a further £100 million. Comparable estimates for 1993–94 are not available.