(Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.)
Finance Bill
8:55 am
Mr George Howarth (Knowsley North and Sefton East, Labour)
On a point of order, Sir Nicholas. The Official Report for the morning sitting of the Committee on Thursday 15 May shows in col. 31 that I responded to an intervention from the hon. Member for East Carmarthen and Dinefwr (Adam Price), saying:
''Betting exchanges are not involved in that and because they do not participate in the levy, racing does not benefit from it in any way.''—[Official Report, Standing Committee B, 15 May 2003; c. 31.]
I should point out that I was mistaken in that assertion, and that betting exchanges do participate in the levy. I should like to take this opportunity to correct that.