Clause 15

Part of Finance (No. 2) Bill – in a Public Bill Committee am 11:45 am ar 26 Hydref 2010.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Justine Greening Justine Greening The Economic Secretary to the Treasury 11:45, 26 Hydref 2010

The presumption is that fair value is ultimately subject to court approval. HMRC has the ability to test the measure using actuarial accounting advice, which is broadly consistent with how the matter will be approached within the rest of the insurance industry.