§ Mr. David Howellasked the Chancellor of the Exchequer what is his estimate of the cost of administering the capital gains tax on chattels and of the administrative saving and loss of revenue, respectively, resulting from excluding chattels sold for less than £5,000 from the tax.
§ Mr. TaverneI regret that the information on which reliable estimates could be based is not available.
§ Mr. Maxwell-Hyslopasked the Chancellor of the Exchequer from how many 231W firms he has required for the month of March, 1969, details of all transactions in chattels of over £1,000 value.
§ Mr. Taverne17.
§ Mr. Maxwell-Hyslopasked the Chancellor of the Exchequer what was the date on which his Department first asked art auctioneers, art dealers and others to supply details of all transactions during the month of March, 1969, involving chattels at a price of more than £1,000; and what was the length of time he gave them for their replies.
§ Mr. Taverne14th July, 1969; and 30 days in the first instance; extensions being allowed as necessary.
§ Mr. Rees-Daviesasked the Chancellor of the Exchequer how many cases of possible evasion of capital gains tax on chattels disposed of for more than £1,000 during the month of March, 1969, his Department has investigated or is investigating.
§ Mr. TaverneThis information is not available.
§ Mr. Rees-Daviesasked the Chancellor of the Exchequer what was the total number of transactions of over £1,000 which have been reported to his Department by the organisation from which he requested this information in respect of March, 1969, under the requirement of paragraph 7(6) of Schedule 10 to the Finance Act, 1965.
232W
£ million Foreign currency Loans Outstanding Repayments in 1970 Loan Agreement Sterling value, 31st December, 1969 Q1 Q2 Q3 Q4 Total U.S.—Line of Credit 1,236 — — — 27 27 Lend Lease 193 — — — 4 4 ECA 103 — 2 — 3 5 MSA 17 — 1 — — 1 Ex-Im Bank Lines of Credit 231 — 22 — 23 45 Canadian Credit 361 — — — 8 8 Germany—EPU 18 — — 10 — 10 Bundesbank 23 — — — — — Offset Agreement 52 — — — — — Portugal 17 — — 5 — 5 International Monetary Fund 1,104 83 83 — — 166 TOTAL 3,355 83 108 15 65 271 These figures do not include those debts arising from Central Bank transactions, details of which are not customarily published.
§ Mr. Taverne613.
§ Mr. David Howellasked the Chancellor of the Exchequer what has been the cost of processing the returns which he has received from auctioneers and persons carrying on a trade of dealing in tangible movable property for the month of March, 1969.
§ Mr. TaverneIt would require an undue expenditure of time and effort to ascertain this; but it cannot be substantial.
§ Mr. David Howellasked the Chancellor of the Exchequer how many of the transactions during March, 1969, of which he has received the details, he requested under paragraph 7(6) of Schedule 10 of the Finance Act, 1965 were for under £5,000, between £5,000 and £10,000, and over £10,000.
§ Mr. Taverne485, 79 and 49, respectively.