Taxation: Small Businesses

Treasury written question – answered on 27th March 2007.

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Photo of Andrew Smith Andrew Smith Labour, Oxford East

To ask the Chancellor of the Exchequer what proportion of business taxation was paid by small businesses in the last period for which figures are available.

Photo of John Healey John Healey The Financial Secretary to the Treasury

The proportion of corporation tax paid by small companies in 2004-05 was 23 per cent.

It is not possible to apportion other tax receipts between business taxpayers and others, or between business taxpayers of different sizes. This is due to a number of taxes (for example fuel duty) being paid by both businesses and individuals, and because markets adjust to shift the incidence of taxation throughout the economy.

Figures on total receipts from individual taxes are available in tables 2.1A to 2.1E in Financial Statistics published by the Office for National Statistics.

www.statistics.gov.uk/statbase/tsdtables1.asp?vlnk=fsf

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