HC Deb 15 April 1991 vol 189 c9W
Mr. Peter Bottomley

To ask the Chancellor of the Exchequer (1) when it was determined that changing the timing of building societies' payments of income tax was intended to raise extra revenue;

(2) on how many occasions Ministers have stated that the building societies income tax changes announced in the 1985 Budget and in subsequent amendments were (a) not to yield extra income and (b) to yield extra income.

Mr. Maude

Ministers have always made it clear that the changes in the way building societies account for tax on interest and dividends paid would not involve the payment of extra tax.

Mr. Peter Bottomley

To ask the Chancellor of the Exchequer if the disputed tax awarded to the Woolwich Equitable building society was(a) extra tax or (b) the original expected tax.