Banking: Royal Bank of Scotland — Question

Part of the debate – in the House of Lords at 3:04 pm on 1 February 2011.

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Photo of Lord Christopher Lord Christopher Labour 3:04, 1 February 2011

Will the Minister clarify one of his answers in relation to the amount that will come to the Treasury this year? Will he please explain how-and when-those bonuses that are paid in shares and in a new vehicle entitled "cocos" are taxed?