HC Deb 17 July 2001 vol 372 cc183-4W
Matthew Taylor

To ask the Chancellor of the Exchequer what plans he has to introduce(a) pilot schemes for community investment tax credits, (b) independent monitoring of the effectiveness of community investment tax credits and (c) internal monitoring of the effectiveness of community investment tax credits; and if he will make a statement. [4137]

Mr. Boateng

The Government intend to bring forward legislation on community investment tax credits in the Finance Bill 2002. We published a consultation document on the tax credits ("Enterprising Communities: a tax incentive for community investment") in March. The consultation period closed on July 2 and generated a largely positive response. The Government will announce decisions on the outcome of the consultation in due course. There will be robust processes for monitoring the effectiveness of any scheme.