HC Deb 12 February 1990 vol 167 c15W
Mr. Dunnachie

To 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. Fyfe

To 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. Lilley

The Inland Revenue operates the test laid down by law. This provides tax relief to the extent that the principal is estimated to be irrecoverable.

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