Corporation Tax

(asked on 12th July 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what effect the reduction in corporation tax rates has had on receipts from that tax.


Answered by
Mel Stride Portrait
Mel Stride
Shadow Chancellor of the Exchequer
This question was answered on 18th July 2017

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.

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