To ask the Chancellor of the Exchequer what reports other than reports prepared under the Companies Acts may be required under clause 78(2) of the Finance Bill 1990.

The proposed tax return for companies under pay and file, which has been developed in consultation with bodies representing businesses and the legal and accountancy professions, requires companies to provide a copy of their full accounts prepared under the Companies Act, which will include the directors' and auditor's reports, with the return. Insurance companies will also be required to provide a copy of the report made to the Secretary of State for Trade and Industry under part II of the Insurance Companies Act 1982.