Clause 51
Finance Bill
9:15 am
Philip Hammond (Shadow Chief Secretary To the Treasury, Treasury; Runnymede and Weybridge, Conservative)
I thank the Exchequer Secretary for her lucid explanation. I am sorry if I detected mischief and underhand behaviour where there is none. I am glad that she does not see mischief and underhand behaviour in every kink in the arrangements. I have some experience of dealing with predecessors of hers who often were more inclined to see mischief and underhand behaviour wherever kinks occurred in the tax code. Was the introduction of the clause prompted by an instance of relief being denied to an institution, or has the issue merely been flagged up and is being pre-emptively resolved?