Topical question asked in the House of Commons, by George Mudie (Labour). It was answered on Tuesday, 24 April 2012 on behalf of the Treasury.

Topical Questions

Question: In view of earlier answers on corporation tax, will the Chancellor tell the House how many FTSE 100 companies paid full corporation tax in the last available tax year? It would be understandable if he does not have the figure now, but will he place it in the Library of the House for hon. Members?

Answer: As the hon. Gentleman knows, because he is an experienced Member and sits on the Treasury Committee, there is a very important principle of taxpayer confidentiality, so I am not shown the individual tax returns of businesses or indeed individuals. We have recently published data on the average tax rate that people on the highest incomes were paying under the last Labour Government, and we can see that it was very much lower than Treasury Ministers were telling us.

Secondary information