§ Mr. GibbTo ask the Chancellor of the Exchequer what estimate he has made of the annual cost of the Inland Revenue providing pre-transaction clearances following the introduction of a general anti-avoidance rule on the basis of(a) a 30 day turn-round time and (b) a 60 day turn-round time, ensuring no charges are made to the taxpayer. [58021]
§ Dawn PrimaroloNo such estimate has been made. Consultation on a possible General Anti-avoidance Rule (GAAR) is still in progress, and is addressing the general principles of a GAAR.