HC Deb 17 September 2003 vol 410 c862W
Mr. Laws

To ask the Chancellor of the Exchequer what his estimate is of the cost of abolishing the small companies rate of corporation tax and the main rate of corporation tax and replacing them with a single rate of 25 per cent. levied above the starting rate threshold. [130547]

Dawn Primarolo

This is not an option that the Government have considered, so no thorough analysis of the potential cost is available. All taxes are kept under review and decisions on tax rates are made as part of the normal Budget process. I refer the hon. Member to the Tax Ready Reckoner for indicative figures on the direct effects of illustrative tax changes.