Corporation Tax: Financial Services

Treasury written question – answered on 24th November 2010.

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Photo of David Laws David Laws Liberal Democrat, Yeovil

To ask the Chancellor of the Exchequer what estimate he has made of the total corporation tax receipts attributable to the banking, finance and insurance sector in each year from 1990 to 2010; and if he will make a statement.

Photo of David Gauke David Gauke The Exchequer Secretary

Historical figures for corporation tax receipts since 2000-01 paid by the financial sector and several other broadly-defined business sectors are regularly updated and published in Table 11.1, on the HMRC National Statistics website. The latest update is available here:

http://www.hmrc.gov.uk/stats/corporate_tax/table11_1.pdf

Equivalent information for years prior to 2000-01 is not available. Historical figures for annual corporation tax receipts were published in Table 1.2 on the HMRC National Statistics website (available here):

http://www.hmrc.gov.uk/stats/tax receipts/1_2_v2_dec05.pdf

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