HC Deb 31 March 2004 vol 419 cc1417-8W
Mr. Drew

To ask the Chancellor of the Exchequer what additional revenue the Treasury will receive as a result of the changes to small company taxation on dividends proposed to take effect in 2004; [151773]

Mr. Flook

To ask the Chancellor of the Exchequer what estimate he has made of the revenue to be raised in each of the next two financial years from the 19 per cent. minimum rate of corporation tax on distributed profits; and if he will use this revenue to support small businesses; [164562]

Dawn Primarolo

The estimated yield from the 19 per cent. minimum rate of corporation tax on distributed profits for the next three financial years is given in Table A1 of the Financial Statement and Budget Report. Alongside the revenue raised by the measure, unincorporated businesses have benefited from lower tax rates by incorporating. Estimates of the impact of the measure, taking into account these savings, are shown in footnote 1 to Table A1.