§ Mr. David ShawTo ask the Chancellor of the Exchequer what tax treatment is envisaged for the benefits in kind in the form of free journeys being offered to private investors by Eurotunnel; and if he will make a statement.
§ Mr. Teddy TaylorTo ask the Chancellor of the Exchequer if he will take steps to clarify the position over the liability to taxation of benefits in kind provided to shareholders in light of the decision of the promoters of Eurotunnel to offer free cross-channel journeys to their prospective shareholders; and if he will make a statement.
§ Mr. Norman Lamont[holding answers 16 November and 17 November]: The tax treatment of benefits to shareholders depends upon the particular facts of each scheme. The same rules will apply for Eurotunnel as for other schemes.