Business: Tax Yields

Treasury written question – answered on 11th October 2018.

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Photo of Graham Brady Graham Brady Chair, Conservative Party 1922 Committee

To ask the Chancellor of the Exchequer, what estimate he has made of the (a) overall amount and (b) proportion of tax revenue from the contributions of businesses with 0-49 employees in terms of (i) employer national insurance contributions, (ii) corporation tax, (iii) value added tax and (iv) business rates in the most recent year for which information is available.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

I refer the hon member to the answer that I gave on 9 October 2018 to PQ 173981 and PQ 173982.

It is not possible to estimate the (a) overall amount and (b) proportion of tax revenue from the contributions of businesses with 0-49 employees in terms of (i) employer national insurance contributions, (iii) value added tax and (iv) business rates as the information is not readily available but could be provided only at disproportionate cost. HMRC does not collect business rates.

It is possible to identify tax liabilities for businesses with 0-49 employees for corporation tax.

We estimate corporation tax liabilities for 2016-17 were £50 billion, of which around £26 billion (52%) was contributed by companies with 0-49 employees.

The Ministry of Housing, Communities & Local Government statistics on national non-domestics rates are available using the following link below. Business rates collected is aggregated data by local authority and not by individual business size.

https://www.gov.uk/government/statistics/national-non-domestic-rates-collected-by-councils-in-england-forecast-for-2018-to-2019

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