Finance Bill Debates

Alan Dolton

Alan Dolton editor of Tolley's Tax Cases continues our summaries of the Public Bill Committee debates on the Finance Bill

The Committee resumed on Thursday 18 June. The Financial Secretary (Stephen Timms) began the proceedings by stating:

'First I would like to correct a misleading impression that I gave the Committee at the end of our previous sitting during the debate on clause 70 relating to the costing of the £45 million expected to be yielded as a result of that clause which dealt with accommodation costs. I said correctly that the costing was based on 47 cases of those arrangements being used by 19 employee benefits trusts to gain a tax advantage but it was not based on 47 individuals ...

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Alan Dolton editor of Tolley's Tax Cases continues our summaries of the Public Bill Committee debates on the Finance Bill

The Committee resumed on Thursday 18 June. The Financial Secretary (Stephen Timms) began the proceedings by stating:

'First I would like to correct a misleading impression that I gave the Committee at the end of our previous sitting during the debate on clause 70 relating to the costing of the £45 million expected to be yielded as a result of that clause which dealt with accommodation costs. I said correctly that the costing was based on 47 cases of those arrangements being used by 19 employee benefits trusts to gain a tax advantage but it was not based on 47 individuals ...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: