Schedule 32 - Tonnage tax: restrictions on capital allowances for lessors of ships
Finance Bill
7:45 pm
Mr Michael Jack (Fylde, Conservative)
I am intrigued that the schedule makes changes to the tonnage tax, because we were told when it was introduced that it was one the most consulted on measures. Can the Minister enlighten me as to why, if all aspects that should have been covered were so closely gone over, the problems encountered with operating leases, for which the measure now seeks to curtail tax relief, were not noticed at the time?