§ Lord Marlesfordasked Her Majesty's Government:
Whether they will give the current rate of corporation tax, or its equivalent, in each country in the European Union. [HL1515]
161WA
§ Lord McIntosh of HaringeyRates of central government corporate tax in the European Union1.2
EU member state Main Rate% Small Companies' Rate% Austria 34 — Belgium 40.173 28.844 Denmark 34 — Finland 28 — France 36.66/405 20.96 Germany 31.65/42.27 — Greece 35/408 — Ireland 289 25 Italy 37 — Luxembourg 31.210 20.811 Netherlands 35 — Portugal 34 2012 Spain 35 30 Sweden 28 — United Kingdom 3013 2014 Notes
In the notes below the surcharges apply after calculating tax at the rates shown.
1 1 January 1999 except for UK.
2 Some countries, including the United Kingdom, operate tapers that smooth out the transition when moving between different rates. This can give rise to average rates of tax lying between the rates shown in the table.
3 39% plus 3% austerity surcharge. Under certain conditions reduced rates may apply.
4 28% plus 3% austerity surcharge.
5 33.33% plus surcharges of 10% and 20% respectively, the latter applying to companies with turnover of more than FF50 million.
6 19% plus surcharge of 10%.
7 30%/40% for distributed/retained profits respectively plus 5.5% solidarity surcharge.
8 The lower rate applies to companies (other than banks) quoted on the Athens Stock Exchange.
9 25% on the first IR£100, 000. An effective rate of 10% rate applies to manufacturing and many internationally traded services.
10 30% plus 4% unemployment surcharge.
1120% plus 4% unemployment surcharge.
12 For qualifying small companies. A temporary tax holiday is available to small companies formed from 1 January 1999.
13 From 1 April 1999.
14 From 1 April 1999. From 1 April 2000 there will also be a 10% starting rate.