§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer (1) whether he will publish in theOfficial 39W Report his estimate of the increase in yield from (a) higher rate and (b) income tax in 1988–89 by adding to the income for tax purposes of employers and their employees, respectively, an amount equal to the full cost, on a leaseback basis, of the provision of a passenger road vehicle other than a light van for personal as well as for business use grossed up to take account of the individual's marginal rate of tax, assuming that (i) a mileage allowance is given and assessed to tax where business journeys have been authorised and properly recorded and (ii) no such allowance is given;
(2) what is his estimate of the gain to the revenue from disallowing as a business expense the cost of acquiring, fuelling and maintaining passenger road vehicles, other than light vans in business livery, assuming that the properly recorded mileage actually driven on business is catered for by a mileage allowance;
(3) whether he will publish in the Official Report his estimate of the increase in taxable (a) corporate and (b) other profits in 1988–89 if the cost of leasing, purchasing and depreciating all passenger road vehicles other than light vans is disallowed as an expense, assuming that (i) a mileage allowance for business use is given where journeys have been authorised and properly recorded and (ii) no such allowance is given.
§ Mr. Norman LamontInsufficient information is available on which to base reliable estimates.