§ Mr. Timothy Smithasked the Chancellor of the Exchequer if he will publish the text of the letter that has been sent by the Inland Revenue to the British Bankers Association about the tax treatment of specific bad debt provisions on sovereign loans.
§ Mr. WakehamWith the agreement of the British Bankers' Association, the Inland Revenue is today publishing, as a statement of practice, the text of the letter which was sent to the association on 17 January about the tax treatment of country-risk debts.