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Taxation

Volume 501: debated on Wednesday 2 December 2009

To ask the Chancellor of the Exchequer what estimate he has made of the revenue which will be raised by the changes to tax reliefs announced in the written ministerial statement of 21 October 2009, Official Report, column 57WS, on anti-avoidance. (302575)

The written ministerial statement of 21 October 2009, Official Report, column 57WS, announced changes to legislation to counter four tax avoidance schemes with immediate effect. The Government estimate that closing these schemes down will yield £300 million by 2012-13, while also protecting over £1 billion of revenue.