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Protection Money (Northern Ireland)

Volume 225: debated on Thursday 27 May 1993

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To ask the Chancellor of the Exchequer what plans he has to ensure that tax relief is not granted for protection money in Northern Ireland; what estimate he has made of the extent of this abuse of the tax relief system; and if he will make a statement.

There is little evidence of tax relief for protection money being widely granted in Northern Ireland, but we are looking into the matter in order to find an appropriate solution.