Clause 1 - Goods subject to warehousing regime: place of acquisition or supply

Part of Finance Bill – in a Public Bill Committee am 10:30 am ar 21 Mehefin 2005.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Richard Spring Richard Spring Shadow Minister, Treasury 10:30, 21 Mehefin 2005

I beg to move amendment No. 60, in clause 1, page 1, line 7, at end add—  

'(1B) The circumstances which may be prescribed in subsection (1A) shall be limited to those where goods are sold by taxable persons to non-registered persons within the United Kingdom.'.

I hope that the Paymaster General will find this minor amendment quite helpful. The regulations could be interpreted as being unnecessarily wide and the amendment would merely to compel them to be limited to the tax planning that the clause intends to prevent and any derivations of that planning that may follow the proposed regulations.