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)
If I may, I will address schedule 10, which accompanies clause 52. The schedule makes a number of detailed technical changes to the legislation about the tax treatment of debt and securities—the loan relationships legislation—and about derivative contracts, intangible fixed assets and currency accounting. The hon. Member for Arundel and South Downs (Mr. Flight) raised a number of points on the clause and, as he said, they probably need to be the subject of detailed discussion with the Revenue.
Indeed, the points that he raised are already the subject of discussion with the Revenue under the consultation arrangements that I explained earlier.