Clause 57
Finance (No.2) Bill
10:30 am
Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
May I place on the record my thanks to the Law Society? Members of the Committee will have noticed in the briefing on the Bill that it has suggested that the clause would have some unintended effects. It would prevent a company from benefiting from gift aid where a charity owned shares in it. That is not the intention and I am happy to move these amendments to clarify that point. I hope that the Committee will therefore accept them.