Column Number: 176Schedule 10 - Schedule 10 - Amendment of enactments that operate by reference to accounting practice
Finance Bill (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39)
2:30 pm
Mr John Healey (Economic Secretary, HM Treasury; Wentworth, Labour)
I am glad to hear that you had a good lunch, Mr. McWilliam. I trust that other members of the Committee did as well. Half my KitKat is outside in the Corridor.
At the risk of testing your patience, Mr. McWilliam, may I just double back and say to the hon. Member for Grantham and Stamford (Mr. Davies) that I tried to explain this morning that clause 51(4), which he was querying, contains standard wording in respect of transfer pricing? Transfer pricing was dealt with in a previous part of the Bill. As he said, the detail did not come up because the wording is an established standard. However, if it will help him, I will write with the detailed explanation that he seeks of that standard provision and formula.