Written question asked by Tom Brake (Liberal Democrat) on Friday, 24 October 1997, in the House of Commons. It was due for an answer on Thursday, 30 October 1997. It was answered by Geoffrey Robinson (Labour) on Thursday, 30 October 1997 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what representations he has received from the London Borough of Sutton concerning the effect of abolition of the Advanced Corporation Tax refund on local authorities. (Failed OPQ)

Answer: Mr. Brake: To ask the Chancellor of the Exchequer what representations he has received from the London borough of Sutton concerning the effect of abolition of the advance corporation tax refund on local authorities. [12667] Mr. Geoffrey Robinson: The leader of the council of the London borough of Sutton wrote to the Government on 22 July about the impact of the loss of these tax credits to local authority pension funds. In my reply to him, I explained that the extent to which these changes affect local authority budgets will depend on the overall judgments made by the funds' actuaries as they undertake revaluations due from next year.

Secondary information

Type: Written question
Reference: 12667; 299 c880-1W
Session: 1997-98
Question not reached: Yes
Subjects: Advance corporation tax Workplace pensions Dividend tax credits Sutton