HC Deb 14 March 1983 vol 39 c62W
Mr. Penhaligon

asked the Chancellor of the Exchequer whether Linotype-Paul has been granted permission for the transfer of assets out of the United Kingdom under section 482(1)(b) of the Income and Corporation Taxes Act 1970.

Mr. Ridley

Consent has been granted to Linotype-Paul. The purpose of section 482 is to prevent tax avoidance. If there is no significant loss of tax there are no grounds upon which consent can be withheld. The Government therefore decided that consent could not be refused.