(Except clauses 11, 18, 40, 43, 44 and 69 and schedule 8) - Clause 12 - Employee securities: anti-avoidance
Finance Bill
4:30 pm
Philip Hammond (Shadow Chief Secretary To the Treasury, Treasury; Runnymede and Weybridge, Conservative)
The Paymaster General is being extremely helpful. Will she confirm that what she is saying is that, with the exception of companies that fall within the scope of Inland Revenue 32, there is no intention to limit the ability to take profits in dividends within a business and to impute remuneration that is of another kind where profits are being taken as dividends?