Clause 35 - Foreign currency bank accounts

Part of Finance Bill – in a Public Bill Committee am 9:30 am ar 14 Mehefin 2012.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of John Mann John Mann Llafur, Bassetlaw 9:30, 14 Mehefin 2012

I was most surprised by the information my hon. Friend just provided. Perhaps she could help me by clarifying this. I have not been diligent enough in understanding the implications of this clause. Would the clause mean that if I kept money in euros, I might have a tax advantage over those keeping money in sterling, in some scenarios? Is that what is being proposed?