§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer, pursuant to Cm 4917, on what basis he expects October corporation tax receipts to be a guide to corporation tax receipts for the October to March period in fiscal year 2000–01.[138460]
§ Dawn PrimaroloLarge companies are now required to pay their corporation tax in quarterly instalments with, during the four year transition period, a subsequent balancing payment. October's receipts of tax were mainly
instalment payments by companies with calendar or financial year accounting periods and these companies should pay similar amounts in January next year; andbalancing payments by companies with 1999 calendar year accounts and these levels of payments can help estimation of other companies' balancing payments due in the rest of the year.