Clause 6 - General betting duty and pool betting duty: relief for losses
Finance Bill
10:30 am
Mr John Healey (Economic Secretary, HM Treasury; Wentworth, Labour)
I hope that the hon. Gentleman does not feel that I was trying to be anything other than helpful by giving him the clarification that he wants. It may be that professional advisers have put those questions to him. As I understand it, they were not raised by the industry during the work that we have done in framing the reform. Were we to look at a carry-back provision, it would add some complexity of compliance to the system, which would have to borne in mind.
I welcome the hon. Gentleman's recognition of the success of the reforms to betting taxation that we have made. He is right to say that customers have to be central to that process. Through those reforms we have given customers and punters what he might call a fair deal. On that basis, I hope that the Committee will approve the clause.
Question put and agreed to.
Clause 6 ordered to stand part of the Bill.