Clause 6 - Regulating trade in rebated heavy oil etc
Finance Bill
6:00 pm
Mr Michael Jack (Fylde, Conservative)
On Second Reading, I raised with the Financial Secretary the line of figures in table A.1 on page 155 of the Red Book. I wonder whether he could share with the Committee some more detail as to how the calculations were done to increase the oil fraud strategy revenues to which he refers. This year, the figure is £100 million. It goes up to £290 million, and then a colossal £550 million. Could he explain how the build-up is accounted for?