§ Mr. Denzil Davies
asked the Chancellor of the Exchequer whether, and if so at what rate, the new European capital duty established by EEC Directive 69/335 is now applicable to all new company formations in the United Kingdom; and whether the reliefs at present afforded by Section 55 of the Finance Act 1927 will extend to the new duty.
§ Mr. Nott
I would draw the hon. Member's attention to the reply I gave to my hon. Friend the Member for Horn-church (Mr. Loveridge) on 2nd February. I can confirm that provision will be made for relief similar to that afforded by Sec-454W tion 55, Finance Act 1927 to be given from the new capital duty.—[Vol. 849, c. 481–2.]