§ Mr. Anthony CoombsTo ask the Chancellor of the Exchequer what compensation is available from the Inland Revenue to an applicant company in the event of excessive delay resulting in the loss of potential business expansion scheme investments and other improvements to finance.
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§ Mr. LilleyAs a general policy, the Inland Revenue will consider reimbursing expenditure which has arisen unnecessarily and is directly attributable to a serious error on the part of its staff. Serious error is defined as something which no responsible person, acting in good faith and with proper care, would reasonably do. Each case is considered on its merits.
§ Mr. Anthony CoombsTo ask the Chancellor of the Exchequer if he will introduce legislation to amend section 294 of the Income and Corporation Taxes Act 1988 to make explicit that bridges, equipment and track of private railways are to be regarded as plant and machinery.
§ Mr. LilleyI have no plans to do so.