HC Deb 12 November 1996 vol 285 cc172-3W
Mr. Alan Williams

To ask the Chancellor of the Exchequer (1) if he will instruct the Inland Revenue to review the liability of Overseas Investment Services registered in the Turks and Caicos to pay tax in the United Kingdom in respect of its management from the United Kingdom;[2650]

(2) if he will investigate the financial regularity of the circumstances in which Firthpalm Ltd. transferred ownership of land at Mayals, Swansea in 1987–88 to Overseas Investment Services; [2652]

(3) if he will instruct the. Inland Revenue to examine the terms in respect of liability for tax on which in 1987–88 Firthpalm Ltd. sold land at Mayals, Swansea, to Overseas Investment Services in Grand Turks and Caicos. [2651]

Mr. Jack

The tax affairs of particular companies are confidential between the Inland Revenue and the companies concerned. Treasury Ministers do not instruct the Inland Revenue to investigate a company's tax affairs or otherwise intervene in such matters.

Forward to