Clause 6 - Disclosure of value added tax avoidance schemes
Finance Bill
11:30 am
Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
In order to take part in the scheme, that person would have to be a knowing and willing participant in it, so it would not be possible for the person not to know what was going on. It is the nature of the scheme to interact. Under the rules, it is not conceivable that the registered traders who would be caught could be knowing and willing participants in the scheme to reduce their VAT liability.
Question put and agreed to.
Clause 6 ordered to stand part of the Bill.
Schedule 1 agreed to.