Schedule 5
Finance (No. 2) Bill
2:00 pm
Theresa Villiers (Shadow Chief Secretary To the Treasury, Treasury; Chipping Barnet, Conservative)
I beg to move amendment No. 54, in page 170, line 5 [Vol I], after ‘pay' insert
‘within 90 days of the claim being made, subject to sub-paragraphs (3) and (4) below,'.
Amendment No. 54 would insert an obligation on the Treasury to pay the film tax credit within 90 days of the claim, for the following reason. Considerable concern has been expressed about the timing of the Revenue’s payment of tax credits. As we are all aware, payments of tax credits have been subject to severe administrative problems.