Clause 69
Finance Bill
11:15 am
Adam Afriyie (Windsor, Conservative)
I was conscious that the Financial Secretary did not answer the question on what the expected change in revenue to the Exchequer might be under the clause in terms of inheritance tax and tax on lump sum transfers.
Stephen Timms (Chief Secretary, HM Treasury; East Ham, Labour)
The changes that we are making will ensure that ASPs will be used as intended. Our projections on revenue to the Exchequer were based on that assumption. All we are doing is changing the rules to ensure that they will happen and there is no impact on revenue.