Clause 34 - Payments of excessive interest etc
Finance Bill
4:15 pm
Mr John Burnett (Shadow Minister, Home Affairs; Torridge and West Devon, Liberal Democrat)
It is a double-edged sword. I just wonder whether the Paymaster General will put on the record the fact that, presumably, if the matching rules are breached or if matching is not permitted for the reasons that she has set out, and if there are exchange rate losses rather than gains, they can be set against corporation tax.