§ Dr. McDonald
asked the Chancellor of the Exchequer what are the anticipated costs to the Exchequer of the abolition of income tax on quoted Eurobonds in a full year.
§ Mr. Moore
[pursuant to his reply, 14 May 1984]: Clause 35 of the Finance (No. 2) Bill permits interest on Eurobonds to be paid without deduction of income tax at source, subject to certain conditions. As quoted in the FSBR the estimated cost in a full year is £2 million.