HC Deb 26 October 1976 vol 918 c205W
Mr. Ian Stewart

asked the Chancellor of the Exchequer what steps have been taken to explore the possibility of making a new arrangement on the lines of the 1968 Basle agreement for financing the rundown of sterling balances.

Mr. Robert Sheldon

Possibilities of this kind are kept under review. They would depend on support from other countries, several of which are in any event likely to be called upon to contribute through the General Arrangements

£ million
Corporation Tax Capital Gains Tax Surtax
Amount outstanding 666.6 168.7 143.9
Presently collectible 137.0 45.8 49.4
Ultimately recoverable 353.0 101.0 80.0

The figures for outstanding VAT are not available for calendar years. At 30th September 1976 VAT oustanding for the financial year 1974–75 was £37.4 million and for 1975–76, £76.4 million.

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