Accountancy Firms (Tax Planning)

HC Deb 01 February 1988 vol 126 c463W

Mr. Gordon Brown

To ask the Chancellor of the Exchequer if he will provide an estimate of the tax lost to the Revenue in 1987 as a direct consequence of tax planning by accountancy firms.

Mr. Norman Lamont

[pursuant to his reply, 28 January 1988, c. 365]: If by "tax planning" the hon. Members means the legitimate use of relieving provisions in tax law, there is, by definition, no tax loss.