§ 30. Mr. Lee
asked the Chancellor of the Exchequer if he intends to take steps to end tax avoidance schemes of the kind revealed in the case of the Inland Revenue Commissioners v. Plummer; and if he will make a statement on the estimated loss to the Revenue during a complete financial year if the law relating to tax schemes of this kind remains unaltered.
§ Mr. Denzil Davies
Section 48 of the Finance Act 1977 put an end to this kind of tax avoidance scheme by disallowing tax relief for any payments made under such a scheme after 29th March 1977.