HC Deb 22 November 1984 vol 68 cc268-9W
Mr. Best

asked the Chancellor of the Exchequer what is his estimate of the cost to the Inland Revenue of allowing companies to spend a maximum of £35 on Christmas entertainment for employees.

Mr. Moore

I assume that my hon. Friend has in mind the potential loss of income tax from not treating certain expenditure of this kind as a taxable benefit-in-kind. I regret that information on which to base a reliable estimate is not available.