§ Mr. GillTo ask the Minister of Agriculture, Fisheries and Food what discussions he has had with Treasury Ministers about prohibiting putting farmers' corporation tax on the same basis as farmers' income tax in terms of offsetting trading losses against future profit; and what was the outcome of those discussions. [R] [73798]
§ Mr. RookerI have had no discussion with Treasury Ministers on this matter. While taxation is a matter for my right hon. Friend the Chancellor of the Exchequer, I understand that trading losses, including trading losses of farmers, can already be carried forward against future profits from that trade for Corporation Tax just as they can be for Income Tax.