§ Ian Stewart
To ask the Chancellor of the Exchequer if he will make a further statement on measures for business in relation to the pre-Budget report in November 2001. 
§ Mr. Gordon Brown
As announced in the pre-Budget report in November 2001 and following consultation with businessthe new corporation tax regime for substantial shareholdings will apply for disposals on or after 1 April 2002;the new corporation tax regime for intangible assets will also apply with effect from 1 April 2002.
In addition the Government are also proceeding with the new tax credit to encourage research and development by large companies which will apply from 1 April 2002. The credit will follow a simple volume based approach, final details of which will be announced in the Budget.
Technical details of these measures will be published tomorrow and will be available to Members from the Vote Office.