§ Mr. Chris SmithTo ask the Chancellor of the Exchequer what was the cost to the Treasury of introducing relief for single donations to charities by companies in 1986–87 and the first six months of 1987–88; and how much of the cost was attributable to such donations to professional arts organisations with charitable status in the same periods.
§ Mr. Norman LamontThe revenue cost in respect of single donations in 1986–87 is estimated at some £3.5 million. The provisional estimate of the cost for the first six months of 1987–88 is a further £3 million. The cost attributable to donations to professional arts organisations is not known.