§ Mr. Hunter
To ask the Chancellor of the Exchequer what has been the yield from corporation tax in Northern Ireland each year since 1989–90.
§ Mr. Dorrell
It is not possible to provide a reliable geographical analysis of the yield of corporation tax. The tax is charged on total profits of a company, including income received from abroad. A company may surrender tax losses to another company in the same group anywhere in the United Kingdom and thus reduce the latter's tax charge.