Bank of Credit and Commerce International (Hansard, 24 July 1991)

§ Mr. Alfred Morris
To ask the Chancellor of the Exchequer what was learned from the Bank of England's inquiries into Barlow Clowes about the use made by Barlow Clowes of the Bank of Credit and Commerce International and about the proprieties of the Bank of Credit and Commerce International's role in that case.

§ Mr. Norman Lamont
[holding answer 19 July 1991]: Nothing. The Bank's inquiries into Barlow Clowes were focused on that organisation's United Kingdom activities and in particular whether it was in breach of the 1979 Banking Act. The Bank's direct interest ended in October 1985 with the grant to Barlow Clowes of a prevention of fraud (investment) licence following reorganisation of the business.

§ Mr. Oppenheim
To ask the Chancellor of the Exchequer if he will make a statement on the funding of the inquiry into the affairs of BCCI.
599W

§ Mr. Maples
Parliamentary approval to this new service will be sought in a supplementary estimate for the HM Treasury vote (class XVIII vote 1). Pending that approval, urgent expenditure estimated at £500,000 will be met by repayable advances from the contingencies fund.

Donations to charities subject to tax relief

Covenants¹ Donations under the payroll giving scheme Transfers to charities on death² Single donations from companies^{1 3} Gift aid^{1 3}

£ million £ million £ million £ million £ million

1976–77 Not available — 50 — —

1977–78 Not available — 50 — —

1978–79 140 — 78 — —

1979–80 180 — 94 — —

1980–81 200 — 67 — —

1981–82 250 — 92 — —

1982–83 300 — 135 — —

1983–84 350 — 202 — —

1984–85 400 — 231 — —

1985–86 450 — 302 — —

1986–87 500 — 326 4 —

1987–88 650 1 ⁴330 9 —

1988–89 700 3.5 ⁴340 21 —

1989–90 725 7 ⁴380 28 —

1990–91 ⁴825 ⁴10 ⁴380 ⁴17 ⁴43

¹ Includes tax repayments to charities by Inland Revenue.

² Covers estates above the capital transfer tax/inheritance tax threshold. For transfers made before 15 March 1983 and on or within one year of death, the amount of transfer qualifying for relief was limited; amounts in excess of the limits are excluded from the figures.

³ Single donations from companies are included under gift aid from October 1990.

⁴ Provisional.

Donations to charities subject to tax relief
	Covenants¹	Donations under the payroll giving scheme	Transfers to charities on death²	Single donations from companies^{1 3}	Gift aid^{1 3}
	£ million	£ million	£ million	£ million	£ million
1976–77	Not available	—	50	—	—
1977–78	Not available	—	50	—	—
1978–79	140	—	78	—	—
1979–80	180	—	94	—	—
1980–81	200	—	67	—	—
1981–82	250	—	92	—	—
1982–83	300	—	135	—	—
1983–84	350	—	202	—	—
1984–85	400	—	231	—	—
1985–86	450	—	302	—	—
1986–87	500	—	326	4	—
1987–88	650	1	⁴330	9	—
1988–89	700	3.5	⁴340	21	—
1989–90	725	7	⁴380	28	—
1990–91	⁴825	⁴10	⁴380	⁴17	⁴43
¹ Includes tax repayments to charities by Inland Revenue.
² Covers estates above the capital transfer tax/inheritance tax threshold. For transfers made before 15 March 1983 and on or within one year of death, the amount of transfer qualifying for relief was limited; amounts in excess of the limits are excluded from the figures.
³ Single donations from companies are included under gift aid from October 1990.
⁴ Provisional.