Windfall Tax (Hansard, 16 June 1997)

§ Mr. Green
To ask the Chancellor of the Exchequer what criteria he will use to assess the liability of companies for the windfall tax. [3316]

§ Mr. Heald
To ask the Chancellor of the Exchequer if he will make a statement on the technical issues relating to the operation of the windfall levy upon which he is seeking representations from companies. [3559]

§ Mr. Norman
To ask the Chancellor of the Exchequer what rate of return on its investment for a regulated public utility his Department will deem to be excessive. [3705]

§ Mr. Geoffrey Robinson
The Chancellor of the Exchequer will announce details of the windfall tax in his Budget statement.
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§ Mr. Green
To ask the Chancellor of the Exchequer what assessment he has made of the effects of a windfall tax on pension funds which own shares in utility companies. [3317]

§ Mr. Robinson
The Chancellor of the Exchequer will be considering a wide range of factors in reaching his view on the windfall tax. He will announce details of the tax in his Budget statement.

§ Mr. Ruffley
To ask the Chancellor of the Exchequer (1) what representations he has received from accountancy organisations regarding the proposed windfall tax on privatised utilities; and if he will make a statement; [3676]
(2) what representations he has received from United Kingdom pension funds regarding the proposed windfall tax on privatised utilities; and if he will make a statement. [3675]

§ Mr. Robinson
Treasury Ministers are treating representations from companies and other bodies as confidential.

§ Mr. Ruffley
To ask the Chancellor of the Exchequer what discussions the Treasury has had with the Commission of the European Union regarding the introduction of a United Kingdom windfall tax on the profits of certain privatised utilities. [3677]

§ Mr. Robinson
There are standard arrangements for making the Commission aware of tax changes introduced in the Budget.

§ Mr. Heald
To ask the Chancellor of the Exchequer if he will list the companies from which he has invited representations on the technical operation of the windfall levy. [3558]

§ Mr. Robinson
The press notice issued on 13 May invited representations from any company who felt they had an interest in the matter.

§ Mr. Heald
To ask the Chancellor of the Exchequer if he will place in the Library copies of the consultation documents on the operation of the windfall levy. [3560]

§ Mr. Robinson
No consultation documents have been issued.

§ Mr. Ian Taylor
To ask the Chancellor of the Exchequer what assessment he has made of the impact on corporate investment plans of the proposed windfall tax. [3742]

§ Mr. Robinson
The Chancellor of the Exchequer will be considering a wide range of factors in reaching his view on the windfall tax. He is consulting the regulators and will announce details of the tax in his Budget statement.

§ Mr. Ruffley
To ask the Chancellor of the Exchequer what calculations the Treasury has made as to the financial impact the proposed windfall tax will have on United Kingdom pension funds. [3683]

§ Mr. Robinson
The Chancellor of the Exchequer will be considering a wide range of factors in reaching his view on the windfall tax. He will announce details of the tax in his Budget statement.