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Clearance Procedure

Volume 78: debated on Tuesday 30 April 1985

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asked the Chancellor of the Exchequer if, in the light of the decision in Furniss v. Dawson, he will introduce legislation to provide a clearance procedure whereby the taxpayer may apply in advance to the Inland Revenue for a definitive statement as to the tax treatment it would apply to a proposed transaction or series of transactions; and if he will make a statement.

I refer my hon. Friend to the reply I gave to his previous question on 27 February 1985 at column 211.