HC Deb 16 July 1991 vol 195 cc101-2W
Mr. Peter Bottomley

To ask the Chancellor of the Exchequer how much of the tax raised by the transitional regulations on building societies appears in each of the financial years in the published Inland Revenue statistics.

Mr. Maples

The following amounts were included in published Inland Revenue statistics. They do not reflect credit allowed under regulation 12.

£ million
1986–87 79
1987–88 21
1988–89 1
1989–90 13

Mr. Peter Bottomley

To ask the Chancellor of the Exchequer if he will calculate for a building society starting business on 1 May 1982, paying or crediting interest in the period between 1 January and 5 April, up to April 1986, the total period of business, the total period on which interest would be taxed if clause 50 is enacted and the excess period of taxation.

Mr. Maples

[holding answer 1 July 1991]: I am not aware of any building society starting business on 1 May 1982.