Schedule 26 - Non-resident companies: transactions
Finance Bill
4:45 pm
Mr Rob Marris (Wolverhampton South West, Labour)
In paragraph 2(1) of the schedule, the words ''independent status'' are used. Under amendment No. 92A, paragraph 2(2)(c) would contain the word incapacity—that is a Freudian slip. I meant to say that the words ''independent capacity'' are used. It seems to me and, perhaps, the hon. Gentleman, that his amendment is suggesting a circular definition. Perhaps he can help the Committee by differentiating between independent status and independent capacity.