§ Mr. Leeasked the Chancellor of the Exchequer by what percentage the corporation tax, leviable on public and private companies, respectively, was reduced as a result of losses attributable to theft, embezzlement and other related causes for the financial years 1974–75, 1976–77 and 1978; if he is satisfied that effective safeguards exist for the detection of fraudulent loss claims; and if he will make a statement.
423W
§ Mr. Denzil DaviesI regret that information is not available to answer the first part of the question. The Revenue has powers to check the accuracy of claims to relief and I am satisfied that the resources engaged on this work are being used in the most effective way.