§ Mr. JackTo ask the Chancellor of the Exchequer what annual tax revenues resulted from receipts under the I-E formula in(a) 1997 and (b) each subsequent financial year to date. [42494]
§ Dawn PrimaroloCompanies' corporation tax liabilities are based on their whole profits less any tax reliefs and deductions. Receipts are not attributed to specific parts of the tax calculation. Therefore, no reliable figures are available on the tax revenues generated by the I-E formula.