Clause 27 - Corporation tax starting rate and fraction for financial year 2004

Finance Bill

Public Bill Committees, 23 June 2005, 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 & 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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