§ Mr. Baldryasked the Chancellor of the Exchequer what impact the 1983 Budget will have on the herd basis method of valuing cows for the purposes of income tax.
§ Mr. MooreClause 47 of the current Finance Bill proposes that farmers keeping dairy or other production herds should, following the abolition of stock relief, be entitled to a fresh opportunity to elect for the herd basis if they have not already done so.