§ Mr. Ian TaylorTo ask the Chancellor of the Exchequer what types of potential problems of differing direct, indirect and corporate taxation rates have been raised with him, or with the Bank of England, arising from progress towards completion of the single internal market.
§ Mr. Norman LamontWe have received a number of representations about the tax system in relation to the completion of the single market. These have ranged from representations about maintaining VAT zero rates and about the levels of excise duties proposed by the European Commission to questions of the interaction of the United Kingdom tax system and the free internal market in areas of the financial sector. I have been unable to trace any representations about direct and corporate tax rates as such.