§ Mr. MilburnTo ask the Chancellor of the Exchequer what was the total corporation tax paid by the 25 largest United Kingdom companies, measured by turnover, in each of the last five years.
§ Mr. DorrellThe 25 largest United Kingdom companies and company groups, based on the levels of turnover in their latest accounts, had corporation tax liabilities, including advance corporation tax, as follows in the years 1987 to 1991:
£ billion Year Number 1987 3.1 1988 3.0 1989 3.5 1990 3.5 1991 3.3 Liabilities for 1992 are not available yet. Corporation tax liabilities exclude double tax relief for tax paid overseas.