§ Mr. Ridleyasked the Chancellor of the Exchequer what progress has been made by the Inland Revenue in studying the evidence submited to it as a result of its consutlative document on a satisfactory definition of organisations such as unincorporated associations and mutual companies which should benefit from a reduced rate of corporation tax.
§ Mr. Denzil DaviesNo satisfactory definition of such organisations has emerged from the Inland Revenue's consultations.