§ Mr. Grimondasked the Chancellor of the Exchequer how many applications to move registered offices out of this country have been made since the Finance Act, 1951; and how many of these applications were refused.
§ Mr. Boyd-CarpenterAbout 400 applications for Treasury consent have been made under Section 468 of the Income162W Tax Act, 1952 (formerly Section 36, Finance Act, 1951) and three have been refused. Twenty-eight of these applications were for consent to transactions falling within subsection (1) (a), which makes it unlawful for a company resident in the United Kingdom to cease to be so resident without the consent of the Treasury. One of these has been refused.