Political Parties (Funding)

HC Deb 18 March 1993 vol 221 c325W

Mr. Rogers

To ask the Chancellor of the Exchequer whether funds brought into the United Kingdom and used for day-to-day expenditure of political parties are subject to tax.

Mr. Dorrell

Remittances of income from overseas by a resident of the United Kingdom are subject to tax. In general, remittances of capital are not subject to tax.