§ Mr. Arthur Lewis
asked the Chancellor of the Exchequer whether, further to his reply of 23 December 1981 to the hon. Member for Newham, North-West, Official Report, c. 435, the organisation Aims of Industry is treated as a body, contributions to which may be claimed for tax deductions by public companies as being donations incurred wholly and exclusively for business purposes.
§ Mr. Ridley
This will depend on the facts in any particular case. In the Revenue's view, however, such contributions would not normally rank for a tax deduction since they would not normally have been incurred wholly and exclusively for the purposes of a company's trade.