Schedule 46
Finance Bill
12:30 pm
Peter Atkinson (Hexham, Conservative)
With this it will be convenient to discuss the following:
Government amendment 294
Amendment 226, in schedule 46, page 343, line 4, after ‘calculated’, insert ‘reasonably’.
Government amendment 295
Amendment 227, in schedule 46, page 343, line 8, at end insert—
‘(4) Accounting arrangements are to be regarded as enabling the liability to taxes and duties of the company to be calculated reasonably accurately if the accuracy with which those liabilities can be calculated is within the normal bounds of materiality as that principle is defined for accounting purposes.’.