Clause 226

Part of Finance Bill – in a Public Bill Committee am 3:15 pm ar 20 Mehefin 2013.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 3:15, 20 Mehefin 2013

This is a complicated question, which essentially relates to the UK Government’s implementation of an issue that caused some EU legislation. It is about making the UK EU compliant; I do not wish to throw petrol on the flames of the Government Benches so that they perk up and listen and elongate this debate.

The Minister, in particular, will know that there is some doubt about whether the solution set out in the clause and schedule absolutely implements the spirit of the judgment made in that case. A number of concerns have been voiced by the Chartered Institute of Taxation and the Institute of Chartered Accountants in England and Wales about whether, for example, the proposal to grant a maximum deferral of 10 years is the right one, and whether it properly addresses the problem that was highlighted by that case.

If the Minister has copies of the representations from the Chartered Institute of Taxation and the Institute of Chartered Accountants, I am quite content for him to review those and share with the Committee how their objections are being addressed by the Treasury. That would be sufficient from my point of view. Those are my only questions.