Clause 69 - Forward premiums and discounts under currency contracts
Finance Bill
6:45 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
I wish just to make the point that I was expressing the concerns of the Chartered Institute of Taxation. I am not sure that the Minister answered them, in that there is a difference between the measure being effective from the date of the draft legislation, which is perfectly fair and understandable, and its affecting contracts prior to that. I am well aware that the clause rightly deals with a narrow territory, but I should like clarity on that point.