PARLIAMENTARY WRITTEN QUESTION
Corporation Tax (12 July 2017)
Question Asked
To ask Mr Chancellor of the Exchequer, what effect the reduction in corporation tax rates has had on receipts from that tax.
Asked by:
Alex Burghart (Conservative)
Asked by:
Alex Burghart (Conservative)
Answer
Since 2010, the headline corporation tax rate has been cut from 28 to 19 percent.
Despite that, onshore corporation tax receipts have increased by over 50 percent, from £36.2 billion in 2010-11 to £55.1 billion in 2016-17.
Answered by:
Mel Stride (Conservative)
18 July 2017
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