Schedule 20

Part of Finance Bill – in a Public Bill Committee am 11:15 am ar 5 Mehefin 2007.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Stephen Timms Stephen Timms The Chief Secretary to the Treasury 11:15, 5 Mehefin 2007

I think that the answer is yes. Once the industry made it clear to us that, in practice, the lump sum was often paid in a different period from the one that the legislation assumes, we were happy to make the change. Wherever that arises, this will fix it.