Business Taxation (Hansard, 13 February 1997)

HC Deb 13 February 1997 vol 290 c311W 311W

§ 17. Mr. Mans
To ask the Chancellor of the Exchequer what assessment he has made of current levels of business taxation. [14188]

§ Mr. Jack
In 1995–96, total tax on business raised £63.2 billion, 25 per cent. of total taxes and social security contributions. The UK tax burden on business is the lowest of the major European economies and is among the lowest in the G7. Low tax rates help to make the UK the No. 1 destination for inward investment into the EU.