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Clearing Banks (Tax Receipts)

Volume 130: debated on Wednesday 30 March 1988

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To ask the Chancellor of the Exchequer what he anticipates in tax receipts from the clearing banks for the year 1987–88 before any provision for sovereign country debt and after tax relief given on account of sovereign country debt.

[holding answer 28 March 1988]: The effect on tax receipts of these provisions by all banks for the year 1987–88 was given in the answer to the hon. Member for Oxford, East (Mr. Smith) on 14 March 1988 at column 429. Because of the Inland Revenue's rules of confidentiality, it is not the practice to give figures of this kind for particular parts of the banking sector.