HC Deb 12 June 1985 vol 80 cc439-40W
Sir Geoffrey Finsberg

asked the Chancellor of the Exchequer on how many occasions demergers under the provisions of schedule 18 to the Finance Act 1980 have been (a) applied for and (b) approved by the Board of Inland Revenue.

Mr. Moore

At the beginning of June 1985, 749 applications for clearance under schedule 18 to the Finance Act 1980 had been received by the Inland Revenue, of which 117 were subsequently withdrawn on the applicants' own initiative and another 22 are still being considered. Of the 610 applications which have been settled, clearance has been given to 505 (82 per cent).