HC Deb 10 December 1997 vol 302 c567W
Mr. Pendry

To ask the Chancellor of the Exchequer what is his latest estimate of tax loss resulting from value-shifting within the travel industry and the basis on which the tax loss has been estimated. [19664]

Dawn Primarolo

The evidence to date suggests that the higher rate of insurance premium tax has prevented any tax loss from value shifting in all those business sectors where it has been applied.