New Clause 1 — Oil contractor activities: ring-fence trade etc

Part of Bills Presented — Affordable Homes Bill – in the House of Commons at 4:30 pm on 2 July 2014.

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Photo of Catherine McKinnell Catherine McKinnell Shadow Minister (Treasury) 4:30, 2 July 2014

I hope that will happen and that HMRC will have the resources available to it, as we know that it has faced significant reductions in staffing. That does not necessarily mean that it will not be able to undertake the sort of monitoring we would like to see under the scheme, but it would be useful to hear from the Minister that HMRC has the resource, capacity and systems to ensure that this does not become just another vehicle for tax abuse.