§ Mr. SternTo ask the Chancellor of the Exchequer if he will request the Board of Inland Revenue to review its interpretation of section 360(3)(b) of the Income and Corporation Taxes Act 1988 as set out in the tax bulletin for December 1994, with special reference to the expressed interpretation of management as being of a company as a whole rather than of one particular area of the company's operations.
§ Sir George YoungIt is for the Inland Revenue to apply existing law as voted by Parliament to the facts of individual cases, and it is not customary for Ministers to intervene in this. The tax bulletin article in question—in fact, published in November 1993—sets out the Revenue's understanding of the particular legislation considered. But the normal rights of appeal are of course available, as the tax bulletin always spells out, to any 665W taxpayer who wishes to take issue with the Revenue's view.