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Investment Taxation

Volume 929: debated on Monday 4 April 1977

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asked the Secretary of State for Industry whether he will list the NEDC sector working parties which have recommended to the Government that existing tax allowances on investment should be replaced by investment grants.

One SWP, in its report submitted at the end of last year but which has not been published, recommended that existing tax allowances on investment should be replaced by investment grants.

asked the Secretary of State for Industry whether he will list the NEDC sector working parties which have recommended to the Government abolition of the deferred tax liability on stocks.

The Ferrous Foundries and Industrial Trucks SWPs included recommendations in their reports submitted at the end of last year calling for the modification of abolition of the deferred tax liability on stocks. Some other SWPs whose reports have not been published made similar recommendations.