§ Sir Derek Walker-Smithasked the Chancellor of the Exchequer whether he has made, or intends to make, any review of the application by the Inland Revenue of extra-statutory tax concessions.
§ Mr. Peter ReesI am aware of concern at the growth in recent years in the list of extra-statutory concessions, although this is largely a reflection of the ever-growing complexity of the underlying legislation. We are determined to simplify that legislation wherever possible. In the meantime I have asked the Board of Inland Revenue to keep the number of such concessions to the minimum.