Written question asked by Lord Corbett of Castle Vale , in the House of Commons. It was due for an answer on Thursday, 2 May 1996. It was answered by Michael Jack (Conservative) on Thursday, 2 May 1996 on behalf of the Treasury.

Treasury

Question: What is the estimated annual increase in revenue from the decision to end tax relief for educational trusts established to meet private school fees, from April 1997. - Figures not given. (Holding answer 19 April 1996).

Answer: Mr. Corbett: To ask the Chancellor of the Exchequer what is the estimated annual increase in revenue from the decision to end tax relief for educational trusts established to meet private school fees, from April 1997.[25584] Mr. Jack: [holding answer 19 April 1996]: The Charity Commission has been conducting an inquiry into certain education trusts which operate school fees schemes. It has concluded that the trusts are not truly charitable and proposes to remove them from the register of charities. Where the trusts lose their charitable status they will no longer be entitled to charitable tax reliefs. However, tax relief will not be withdrawn until 1 April 1997 and the Government are reviewing the implications of the change. The revenue yield at stake is likely to be negligible.

Secondary information