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Accountancy Firms (Tax Planning)

Volume 126: debated on Monday 1 February 1988

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To ask the Chancellor of the Exchequer if he will provide an estimate of the tax lost to the Revenue in 1987 as a direct consequence of tax planning by accountancy firms.

[pursuant to his reply, 28 January 1988, c. 365]: If by "tax planning" the hon. Members means the legitimate use of relieving provisions in tax law, there is, by definition, no tax loss.