Schedule 25
Finance Bill
10:00 am
Stephen Timms (Financial Secretary, HM Treasury; East Ham, Labour)
I do not agree. It is important that we get the exceptions right and set them out clearly and correctly, which the amendments will help us to do. However, I do not agree that the approach we are adopting needs to catch people who are doing perfectly proper and innocent things. Of course, if an exception is subsequently drawn to our attention, it will be perfectly possible to include it, but I do not think we will be in the position of having to make annual changes, which was the position under the old approach.