Schedule 6 - Accounting practice and related matters
Finance Bill
12:45 pm
Philip Hammond (Shadow Chief Secretary To the Treasury, Treasury; Runnymede and Weybridge, Conservative)
Or not currently under discussion, given what the Paymaster General said. The hon. Gentleman might be right in that the right hon. Lady has pointed out the defect in the amendment. I accept that.
One of the themes to which we have returned continually during our debates is that the markets values certainty highly. As long as the transitional treatment is unclear, some element of uncertainty will be created and it will be helpful to remove that as soon as possible. I am sure that the Paymaster General is right to say that the ball is in business’s court. It was not clear that those to whom I have spoken regard themselves as holding the ball and holding up the process until they pass information back to the Revenue, but I shall take what the right hon. Lady said at face value. If people consider that there is an issue to be raised in response to her point, I am sure that it will come up in due course and we can return to the matter. For the moment, having aired the issues and heard the Paymaster General’s response, I beg to ask leave to withdraw the amendment.