Public Service Obligation Grant (Hansard, 23 February 1994)

HC Deb 23 February 1994 vol 238 c246W 246W

§ Mr. Andrew Smith
To ask the Secretary of State for Transport whether the public service obligation grant to British Rail in the year to 31 March 1992 was fully taxable; whether the amount subsequently categorised as capital grant had been subject to tax; how much tax was paid in each case; and what policy had been applied in previous years to the taxation of public obligation grant.

§ Mr. Freeman
[holding answer 18 February 1994]: The public service obligation grant is not taxable.