Clause 2
Finance (No.2) Bill
11:30 am
Paul Goodman (Shadow Minister (Childcare), Treasury; Wycombe, Conservative)
In introducing these amendments, I do not want to anticipate the clause stand part debate that will take place later. On the other hand, I have to say something about their context. The clause is important for this part of the Bill. In relation to the evasion of tobacco products duty, which we discussed in part a few moments ago, it sets out a series ofduties on manufacturers and penalties if they fail to comply with those duties, an appeals system and various supplementary provisions. The proposals are controversial. The Chartered Institute of Taxation, the Institute of Chartered Accountants and the Institute of Directors have reservations about them, and I shall explain later what those are. Before I do so, I want to go through the amendments in turn.
Amendment No. 10 refers to line 16 on page 2 of the Bill.