§ Mr. Cryerasked the Chancellor of the Exchequer what is the estimated loss of tax revenue due to pay-as-you-earn avoidance by foreign residents working in the offshore oil industry.
§ Mr. Robert SheldonThe Inland Revenue does not have sufficient information to make any reliable estimate.
§ Mr. Cryerasked the Chancellor of the Exchequer whether he intends to introduce regulations to ensure that pay-as-you-earn regulations apply to foreign companies engaged in offshore work.
§ Mr. Robert SheldonThis matter is under consideration.