(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 RÿD tax credits for oil exploration.) - Schedule 22 - Employee securities and options
Finance Bill
4:45 pm

Photo of Mr Howard Flight

Mr Howard Flight (Arundel and South Downs, Conservative)

The Paymaster General has answered the point raised by the first amendment but, as she is aware, such is the complex and incomprehensible drafting that most of the industry had thought that annual valuations were required. I am very glad to hear that they are not. I think that we have a point with amendment No. 53, which is about impossible complexity, but I shall not press it to a vote.

I beg to ask leave to withdraw the amendment.

Amendment, by leave, withdrawn.

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