Vol. 437 No. 6
225 Ms Shortall asked the Minister for Finance the number of taxpayers who availed of covenants in 1993; the total figure covenanted; the loss to the Exchequer which this involved; and if he will give a breakdown of the purpose of these covenants.
The information requested by the Deputy, estimated by reference to the current income tax year, is as follows:
Tax Relief for Covenants
|
Type of Covenant |
Number of Claimants |
Amount Allowed |
Cost |
|
£m |
£m |
£m |
|
|
Maintenance Payments |
1,700 |
6.4 |
2.2 |
|
Natural Sciences |
50 |
1.3 |
0.5 |
|
Other covenants |
38,200 |
66.7 |
30.1 |
|
Total |
39,950 |
74.4 |
32.8 |
