HC Deb 20 May 2002 vol 386 cc105-6W
Norman Baker

To ask the Chancellor of the Exchequer, pursuant to his answer of 1 May 2002,Official Report, column 880W, on taxation, what the annual income to the Inland Revenue from forward contracts was for each year since 1988; and whether those who have benefited from forward contract arrangements which have ended are paying taxation in the normal way. [55478]

Dawn Primarolo

[holding answer 15 May 2002]: The number of cases in which agreements of this sort have applied is small. In some instances the identities of the taxpayers involved are or might in the future become public, for example in the course of court proceedings. In these circumstances, it would not be right to give details of the amounts involved, because of taxpayers' entitlement to confidentiality about levels of income and tax.

When agreements end, tax is paid in the normal way.