§ Mr. Charles WardleTo ask the Chancellor of the Exchequer what representations he has received about the coverage of the proposed tax legislation on European economic interest groupings; and if he will make a statement.
§ Mr. LilleyThe Government have received a number of representations on the taxation of European economic interest groupings. The Inland Revenue has discussed these with interested parties. Further to these discussions, the Inland Revenue is today issuing, with my agreement, a press release and a consultative document including a draft clause and schedule.
Comments on the consultative document and draft legislation should be received by 28 February 1990. We shall carefully consider all comments and representations which are made before introducing the necessary legislative provisions in the 1990 Finance Bill. I have placed copies of the document including the draft clause and schedule in the Library.