Schedule 2 - Employee securities: anti-avoidance
Finance Bill
6:00 pm
Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
With the greatest respect, that is incorrect, and it is an unfair comment. We are talking about between £1½ billion and £2 billion in bonuses that are paid to high-earning people who have consistently since the middle period of the previous Government tried not to pay tax and national insurance on employment-related income. That is the only group of people we are talking about, and I think that all Committee members would agree that that employment-related income should be subject to income tax and national insurance. As it is that narrow group that we are talking about, I think that the hon. Gentleman's comments are unfair.