Corporation Tax

HM Treasury written question – answered on 29th March 2017.

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Photo of Alan Brown Alan Brown Scottish National Party, Kilmarnock and Loudoun

To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 23 of the Budget 2016, how much additional corporation tax was raised in 2016-17 under that measure; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.

Photo of Alan Brown Alan Brown Scottish National Party, Kilmarnock and Loudoun

To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 20 of the Budget 2016, how much additional corporation tax was raised in 2016-17 from withholding tax on royalties; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.

Photo of Alan Brown Alan Brown Scottish National Party, Kilmarnock and Loudoun

To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 21 of the Budget 2016, how much additional corporation tax was raised in 2016-17 under that measure; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

The period of account for 2016-17 closes on 31 March for Corporation Tax payers and 5 April for individuals. Relevant receipts data for these measures in this year is not yet available and will be finalised over the following months.

Budget 2017 projections of 2017-18 tax receipts factor in tax receipts to date for 2016-17, operational information, OBR certified costings and any changes to the OBR’s economic growth projections.

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