Schedule 15 - Enterprise investment scheme: amendments
Finance Bill
4:30 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
May I ask the Minister to provide some useful guidelines on what ``insignificant'' means? It appears several times in paragraphs 20, 31 and 35 and leaves uncertainty, especially for those trying to decide whether they have a reporting obligation. While I appreciate that 5 per cent. does not really work, representations have been made by most of the accounting bodies to the effect that the current draft lacks clarity.