Clause 27 - Corporation tax starting rate and fraction for financial year 2004
Finance Bill
5:00 pm

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Question proposed, That the clause stand part of the Bill.

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Philip Hammond (Shadow Chief Secretary To the Treasury, Treasury; Runnymede and Weybridge, Conservative)

Let us see whether we do any better on this clause, Mr. Cook.

Will the Paymaster General clarify why income arising under subsection (2) is chargeable under case 6 of schedule D? Why is it not chargeable under case 3?

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Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)

Because case 6 is the relevant place if we are to make the legislation work.

Question put and agreed to.  

Clause 27 ordered to stand part of the Bill.

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