§ Sir Michael GryllsTo ask the Chancellor of the Exchequer how many EC countries have failed to implement the directive on a common system of taxation of mergers and divisions of parents and subsidiary companies in EC countries.
§ Mr. DorrellThe Commission of the European Communities is responsible for ensuring that member states comply with their obligations to implement Community legislation. Provisions implementing the directives on cross-border mergers and on parent and subsidiary companies in the United Kingdom were included in the Finance (No. 2) Act 1992.