HC Deb 24 July 1986 vol 102 cc469-70W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will bring up to date the information given in the reply dated 25 July 1985, Official Report, column 724, to the hon. Member for Great Grimsby on the taxable value of benefits subject to taxation under special rules; and if he will add (i) the estimated value of benefits not subject to such rules, (ii) the proportion by number and value of new private cars purchased by businesses of all kinds for the use of a nominated persons, (iii) the estimated value of cars so purchased and (iv) the estimate of the yield in tax on profits if all non-pecuniary benefits were disallowed as a business expense and made taxable in the hands of the recipient.

Mr. Norman Lamont

Provisional estimates for 1986–87 of the taxable values of benefits subject to taxation under special rules, are as follows:

£ million
Company cars and car fuel available for private use 1,200
Accommodation 15
Vouchers, including luncheon vouchers 35
Cheap and interest-free loans 40
Private medical insurance 100

The taxable value of other benefits and expenses that is, those subject to taxation under the general rules) is provisionally estimated, for 1986–87, at £300 million.

So far as the details requested at (ii),(iii) and (iv) are concerned, I regret that insufficient information is centrally available on which to base estimates.

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