HC Deb 16 July 1952 vol 503 cc161-2W
Mr. Grimond

asked the Chancellor of the Exchequer how many applications to move registered offices out of this country have been made since the Finance Act, 1951; and how many of these applications were refused.

Mr. Boyd-Carpenter

About 400 applications for Treasury consent have been made under Section 468 of the Income Tax Act, 1952 (formerly Section 36, Finance Act, 1951) and three have been refused. Twenty-eight of these applications were for consent to transactions falling within subsection (1) (a), which makes it unlawful for a company resident in the United Kingdom to cease to be so resident without the consent of the Treasury. One of these has been refused.