§ Mr. Michael Brownasked the Chancellor of the Exchequer whether the Board of Inland Revenue issues notes to income tax inspectors on expected gross profit margins for different businesses and different regions; and if he will make available copies of any such notes.
§ Mr. Peter ReesThe Inland Revenue issues comprehensive notes to inspectors describing the structure and economics of various types of business to assist them in the evaluation and examination of accounts. Where relevant, the notes include information about buying and selling practices and prices and the significance of gross profit rate as well as pointers to the reasons why there can be wide differences between the results of individual businesses.
It is not the practice of the Inland Revenue to publish internal material of this kind.