§ Mr. Hordernasked the Chancellor of the Exchequer what action he proposes to take in the light of the response to the Inland Revenue's consultative paper which discusses the possible revision of the withholding tax machinery for foreign and public revenue dividends and interest.
§ Mr. WakehamWe have given careful consideration to the representations made on this paper. While we shall keep under review the operation of the machinery, we do not propose to make any of the changes discussed in the main body of the paper. The Inland Revenue will continue discussions with representative bodies about certain technical and procedural changes, including those referred to in paragraphs 12 and 13 of the paper.