§ Mr. BaconTo ask the Chancellor of the Exchequer if he will make a statement on the taxation of small firms that trade as(a) limited companies and (b) unincorporated businesses. [56853]
720W
Number of—(a) dependent children in lone parent families and (b) dependent children in all families; and (c) lone parent families with dependent children by London Boroughs, 1991 Thousands London Borough Dependent children1 in lone parent families (a) Dependent children1 in all families (b) Percentage of dependent children1 in lone parent families(a) divided by (b) times 100 Lone parent families with dependent children (c) City of London .07 .20 33 .05 Camden 9.8 30.4 32 6.2 Hackney 15.1 44.8 34 9.2 Hammersmith and Fulham 9.2 25.7 36 5.6 Haringey 13.0 42.8 30 8.2 Islington 12.2 33.2 37 8.0 Kensington and Chelsea 6.4 22.4 29 4.3 Lambeth 19.6 49.5 40 12.6 Lewisham 16.4 48.2 34 10.3 Newham 13.7 55.7 25 8.3 Southwark 18.3 47.2 39 11.2 Tower Hamlets 10.6 44.2 24 6.4 Wandsworth 12.3 44.7 28 8.1 Westminster, City of 6.5 25.7 25 4.3
§ Dawn PrimaroloSmall firms trading as limited companies are subject to corporation tax on their trading profits. The owners of small firms trading as unincorporated businesses are subject to income tax on the trading profits of the business.