§ Mr. Heathcoat-AmoryTo ask the Chancellor of the Exchequer if the changes to acceptance in lieu of tax announced on 17 March alter the accounting treatment of such transactions. [36771]
§ Dawn PrimaroloUnder the proposed change, the Department for Culture, Media and Sport will no longer reimburse the Inland Revenue for the amount of tax satisfied by the acceptance of heritage assets, and the Inland Revenue's accounting procedures will be altered accordingly. The change will simplify the operation of the scheme within the Government.