Clause 1 - Employee share ownership plans

Part of Employee Share Schemes Bill – in a Public Bill Committee at 10:30 am on 27th February 2002.

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Photo of Mark Lazarowicz Mark Lazarowicz Labour/Co-operative, Edinburgh North and Leith 10:30 am, 27th February 2002

I beg to move amendment No. 6 in page 3, leave out lines 7 and 8 and insert—

'(6) No other deduction is allowed for any amount in respect of which a deduction has been made under this paragraph (except as specified in paragraph 112B(3)).'.

The amendment is designed to ensure that no double deduction be allowed for corporation tax purposes.

Amendment agreed to.