§ Mr. CorbynTo ask the Chancellor of the Exchequer whether companies' contributions to the Maxwell Pension Trust are treated by the Inland Revenue as tax allowable.
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§ Mr. DorrellThe general rule when calculating the trading profits of a company is that a deduction is allowed for expenses incurred wholly and exclusively for business purposes. Whether a company's contributions to the Maxwell Pension Trust satisfy this test will depend on the particular facts of each case.