Schedule 4

Part of Finance (No. 2) Bill – in a Public Bill Committee am 6:30 pm ar 19 Hydref 2010.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 6:30, 19 Hydref 2010

I am interested to hear the Minister’s points, because although I of course accept that there will be no loss of yield in the long run, I am not sure that her response is sufficient to answer the point I was trying to make about the annual, year-by-year profiling of the revenues and why, if tax will be deferred until the point at which the stock is disposed, that will not affect yield. It might be because of the gaping hole in HMRC’s knowledge about the total yield, which hopefully she will join me in saying is unacceptable. To have no idea about what the cash dividend yield is for the Treasury really is not up to snuff, and I hope that her Department will tighten its awareness of what the yield is from that area. That might be why there is a lack of information.