§ Dr. CableTo ask the Chancellor of the Exchequer what was the corporation tax yield in the last financial year for which data is available, from companies in the ranges of profitability(a) under £300,000, (b) £300,000 to £600,000, (c) £600,000 to £1.5 billion and (d) above £1.5 billion. [26710]
§ Dawn PrimaroloThe following table gives latest figures of companies' corporation tax liability after allowing for tax suffered abroad and before any deduction for income tax suffered at source, analysed by size of taxable profit.
Taxable profit1 Corporation tax liability (£billion) Under £300,000 3 £300,001 to £600,000 1 £600,001 and above 23 ½ 1Accounting periods ending in 1995–96.