Schedule 2 - Employee securities: anti-avoidance
Finance Bill
6:30 pm
Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
Let me respond the points made by the hon. Member for Cities of London and Westminster and my hon. Friend the Member for Wolverhampton, South-West. The Government have consistently supported employee share ownership, which is why we have company share option plans, share incentive plans, save as you earn and enterprise tax incentives, which are all tax advantage schemes designed to assist employees. The schedule shows that the Government are not prepared to allow those tax advantages to be accessed through the back door of avoidance; they are in place and will remain there, they are not affected by the schedule, except that they are protected in that they will be used as they should be and the avoidance will be dealt with. I commend the schedule to the Committee.
Question put and agreed to.
Schedule 2 agreed to.
Clause 13 ordered to stand part of the Bill.