§ Mr. SpellarTo ask the Chancellor of the Exchequer what is the Inland Revenues estimate of tax repaid to Lloyds underwriters during the fiscal year 1994–95. [14431]
§ Sir George YoungA provisional estimate, based on data to the first week in March, is that £347 million of income tax and capital gains tax will be repaid to Lloyds underwriters by the underwriters unit of Inland Revenue in the financial year 1994–95. This cover refunds of tax paid over a range of earlier years, and includes any repayment supplement attracted by the tax refunded.