Clause 14
Saving Gateway Accounts Bill
9:00 am
Mark Hoban (Shadow Minister, Treasury; Fareham, Conservative)
I rise to speak to amendment No. 35, in clause 14, page 6, line 24, leave out ‘may’ and insert ‘will’.
I welcome you to the chair this morning, Mr. Taylor. Amendment No. 35 is now redundant, because it was a probing amendment to establish the tax arrangements for saving gateway accounts. I was operating on the basis that they should be exempt from both capital gains tax and tax on any interest. The regulations now address that issue. I shall therefore not move the amendment.
