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 2.2, line j of the Budget 2016, how much additional corporation tax was raised in 2016-17 from retaining the diesel supplement for company car tax until 2021; 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

Company car tax revenues do not affect corporation tax.

The Office of Budget Responsibility has included the following scorecards in its Policy Measures database for the retention of the diesel supplement until 2021: http://budgetresponsibility.org.uk/download/policy-measures-database/

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

Income Tax

0

+200

+200

+200

+195

+195

+203

NICs

0

+80

+75

+75

+70

+70

+73

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