§ Mr. Hanley
To ask the Chancellor of the Exchequer when he intends to publish in draft form the regulations provided for in clause 60 of the Finance Bill (capital movements between residents of member states); and if he will make a statement.
§ Mr. Lilley
The Board of Inland Revenue announced in a press release on 19 April 1990 that it was hoped to 403W publish the regulations governing the reporting requirement introduced by clause 60 of the Finance Bill (for certain transactions) shortly. I have today authorised the publication of the draft regulations. The Inland Revenue is issuing a press release giving further details.