Clause 8
Finance (No. 2) Bill
6:45 pm
Julia Goldsworthy (Shadow Chief Secretary To the Treasury, Treasury; Falmouth and Camborne, Liberal Democrat)
We welcome the proposals in principle as a way of overcoming abuse with regard to exempted vehicles and as a way of keeping up with the change in build, specification and technology of vehicles without referring back to primary legislation. They are also a way of overcoming adverse tribunal rulings that have highlighted the lack of clarity and ambiguity that exists in the current legislation.
Although I welcome the consultation that has taken place and I thank the Financial Secretary for the draft regulations, I am afraid that I did not receive the updated partial regulatory impact assessment and I wonder whether that is because it was not enclosed in the letter that I had, or because it went astray more widely. On that basis, I would like to ask the Minister how much of the annual fraud of £0.5 billion a year will be overcome by the changes, and will any additional resources be committed to enforcement measures to ensure that the level of fraud is reduced?