§ Mr. Stevensasked the Chancellor of the Exchequer the anticipated cost to the Inland Revenue of extending to subsidiary companies incorporated outside the United Kingdom the overseas trade corporation provisions of the Finance Act, 1957.
§ Sir E. BoyleThe cost cannot be estimated precisely but would probably be several million pounds in a full year.
§ Mr. Stevensasked the Chancellor of the Exchequer what additional amount of tax he estimates would have accrued to the Inland Revenue in the years ended 31st March. 1958, and 1959 in the absence of the overseas trade corporation provisions of the Finance Act, 1957.
§ Sir E. Boyle£18 million and £20 million respectively.