HC Deb 25 November 1996 vol 286 cc67-8W
Mr. MacShane

To ask the Chancellor of the Exchequer, pursuant to his answer of 18 November,Official Report, column 392, what estimate he has made of the total value of the tax relief available to (a) partners in partnerships and (b) directors of non-dormant closed companies. [5431]

Estimates of Scotland's share of the UK General Government Borrowing Requirement (GGBR)
£ billion
UK GGBR exc privatization proceeds (pps) and north sea oil revenues, at current prices Scotland's share of UK GDP1 (per cent.) Scotland's implied share of UK GGBR at current prices 90 per cent. of oil revenues, and GDP share of UK pps, at current prices2 Scotland's implied GGBR at current prices Scotland's implied GGBR at 1996–97 prices3
1979–80 13.2 8.8 1.2 2.2 -1.0 -2.6
1980–81 17.5 8.7 1.5 3.4 -1.9 -4.1
1981–82 13.5 8.9 1.2 4.1 -2.9 -5.7
1982–83 15.9 8.9 1.4 4.9 -3.5 -6.5
1983–84 19.8 8.9 1.8 8.0 -6.3 -11.1
1984–85 23.3 8.7 2.0 11.0 -9.0 -15.1
1985–86 20.9 8.7 1.8 10.4 -8.6 -13.8
1986–87 14.1 8.5 1.2 4.7 -3.5 -5.4
1987–88 7.8 8.5 0.7 4.6 -3.9 -5.8
1988–89 -1.5 8.4 -0.1 3.4 -3.6 -4.9
1989–90 0.0 8.3 0.0 2.5 -2.5 -3.2
1990–91 7.1 8.5 0.6 2.5 -1.9 -2.4
1991–92 22.8 8.6 2.0 1.6 0.4 0.5
1992–93 47.3 8.7 4.1 1.9 2.2 2.4
1993–94 53.5 8.7 4.7 1.6 3.1 3.3
1994–95 45.8 8.8 4.0 2.0 2.0 2.1
Total -72.2
UK GGBR
Source:
Public Finance Trends, 1996. A negative figure indicates a budget surplus.
1Scotland's GDP factor cost (current prices) as a percentage of GDP in the UK less continental shelf, calendar years—Source: Regional Trends, 1996.
2Assumes 90 per cent. of north sea oil revenues and Scotland's GDP share of privatisation proceeds.
3Based on the summer economic forecast of the GDP deflator in 1996–97. Figures may not add up to totals due to rounding.

Mr. Jack

No special reliefs are available to individuals in partnerships or to directors or participators in close companies. Information is not available about the total value of reliefs available to these two groups of taxpayers.