§ Sir John StanleyTo ask the Chancellor of the Exchequer if he will make a statement of the level of corporation tax in Britain relative to that in other EU countries; and when corporation tax in the United Kingdom was last below its present level. [21499]
§ Mr. JackThe United Kingdom continues to provide one of the lowest rates of corporation tax in the European Union. At no time since the introduction of corporation tax in 1965 has the main rate of corporation tax been lower than its present level of 33 per cent.