Schedule 12
Finance Bill
11:15 am
Philip Hammond (Shadow Chief Secretary To the Treasury, Treasury; Runnymede and Weybridge, Conservative)
What armoury would the Treasury have had if this loophole had not been spotted? If the Bill had been passed into law without the amendment, and the loophole had then been exploited, would HMRC or the Government have any tools available to deal with it in the interim, or would it have had to be reversed in the next Finance Bill?