§ Mr. Pavittasked the Chancellor of the Exchequer if he has yet considered comments made by the judge in the recent case of the National Coal Board v. Her Majesty's Commissioners of Customs and Excise, drawing the attention of the authorities to the desirability of altering statutory provisions so that in no circumstances would value added tax be payable in respect of activities in relation to a pension fund; if he intends introducing amending legislation; and if he will make a statement.
§ Mr. Bruce-GardyneThe commissioners of Customs and Excise have been reviewing all matters relevant to the impact of VAT on pension funds, including comments referred to by the hon. Member, and are having informal 415W discussions with the National Association of Pension Funds. The results of the review will be announced in due course.