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In Parliament

26 November 2001
Issue: 3835 / Categories: News , IR35 , Companies
Advance corporation tax

The Chancellor was asked what had been the total cost to local government pension schemes resulting from the abolition of advance corporation tax relief on pension funds. Dr Alan Whitehead Under Secretary of State for Transport local government and the regions said that the estimated effect of the abolition of advance corporation tax was £130 million.
(Source: Hansard 16 November 2001 Vol 374 No 53 col 916W.)


Upper limit
The Chancellor was asked how much money would be raised by removing the upper limit on National Insurance over one financial year. Dawn Primarolo replied that the estimated yield for 2002-03 would be £3.25 million.
(Source: Hansard 19 November 2001 Vol 375 No 55 col 135W.)


VAT on church repairs
The Chancellor was asked about the impact of his policy...

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