asked the Minister for Finance the cost of "Shannon relief" in terms of tax foregone for the years ending 5 April 1984, 5 April 1985, and 5 April 1986.
Written Answers. - Shannon Tax Relief.
252.
The relevant statistics on "Shannon relief" are in respect of the relief allowed in each of the years in question. Following is the information available:—
|
Year ended 5th April |
Amount of tax relief allowed |
|
£ million |
|
|
1984 |
22.0 |
|
1985 |
40.2 |
|
1986 |
56.8 |
The figure for each year includes the tax relief relevant to accounting periods which ended in that year and the relief relating to earlier accounting periods which was also allowed in that year.