European Court of Justice Judgments (Hansard, 23 October 2001)

HC Deb 23 October 2001 vol 373 c207W 207W

§ Mr. Lidington
To ask the Chancellor of the Exchequer what assessment he has made of the implications for(a) UK tax law and (b) Government revenue of the 9 October Judgment of the European Court of Justice in Case C-108/99, Commissioners of HM Customs and Excise v. Cantor Fitzgerald International; and if he will make a statement. [9169]

§ Mr. Boateng
No change in UK tax legislation is needed as a result of this judgment. Subject to the final decision of the UK courts, this European Court of Justice decision is expected to have prevented a potential tax loss.