HC Deb 31 July 1997 vol 299 c459W
Mr. Letwin

To ask the Chancellor of the Exchequer what plans he has to review the tax advantages which exist under pre-March 1991 overseas trusts. [11645]

Mr. Geoffrey Robinson

The Chancellor announced in his Budget a wide-ranging review of all areas of tax avoidance.

Mr. Letwin

To ask the Chancellor of the Exchequer what estimate he has made of the amount of corporation tax revenue which is lost from the use of Channel Island trusts by British companies for executive incentive programmes in the last financial year. [11646]

Mr. Robinson

There are no special corporation tax allowances or exemptions for British companies which remunerate their executives through incentive programmes, whether or not such programmes involve the use of Channel Islands trusts.

Mr. Letwin

To ask the Chancellor of the Exchequer what plans he has to discourage the placing by British companies of shares related to executive incentive schemes in offshore trusts. [11647]

Dawn Primarolo

I regret that it has not been possible to provide a substantive answer before the summer recess.I shall write to the hon. Member shortly and place a copy of the letter in the Library.