HC Deb 16 July 1973 vol 860 cc41-2W
Mr. Skeet

asked the Chancellor of the Exchequer what would be the cost to the Revenue of permitting full United Kingdom tax relief for British companies against foreign tax payments.

Mr. Nott

Assuming that my hon. Friend has in mind the effect of reverting to the pre-1965 system, the cost could be of the order of £100 million.