Clause 54
Finance (No. 2) Bill
4:00 pm
David Gauke (South West Hertfordshire, Conservative)
I come back to this question of timing. The Paymaster General may be pleased to know that I will approach this from a slightly different tack and for argument’s sake I fully accept her point that clause 54 relates only to dubious transactions that should be picked up. If the donations were made in 1996, 1997 or 1998 and then the payment under subsection (3) or the transaction at less than arm’s length value in subsection (4) occurs in 2006, will the clause be effective in dealing with that? In other words, will it deal with mischief going back 11 years or does it go back only five or six years?