§ Mr. HealdTo ask the Chancellor of the Exchequer what estimate he has made of the annual cost(a) in each year since its introduction and (b) over the next five years of tax relief on work done to remove asbestos; and if he will make a statement. [98656]
§ John HealeyThe legislation is intended to aid the regeneration of sites that are contaminated by harmful substances, not just asbestos. Estimates of the cost for cleaning sites contaminated with asbestos are therefore not available. However, the full cost of the Finance Act 2001 relief for regeneration of sites contaminated by harmful substances was estimated at £50 million in 2001–02, £85 million in 2002–03 and £75 million in 2003–04. Figures for the remaining two years are not available.
§ Mr. HealdTo ask the Chancellor of the Exchequer if he will make a statement on the(a) verification and (b) auditing arrangements for claims for tax relief on work done to remove asbestos. [98657]
§ Dawn PrimaroloClaims for land remediation relief under the Finance Act 2001 provisions are subject to the same verification and auditing arrangements as any other entry in a Corporation Tax return.