§ Mr. DunnachieTo ask the Chancellor of the Exchequer what is the current policy of the Inland Revenue in relation to the tax treatment of United Kingdom banks which make provision against Third world debt.
§ Mrs. FyfeTo ask the Chancellor of the Exchequer what is the current policy of the Inland Revenue in relation to the tax treatment of United Kingdom banks which make provision against Third world debt.
§ Mr. LilleyThe Inland Revenue operates the test laid down by law. This provides tax relief to the extent that the principal is estimated to be irrecoverable.