Clause 17 - Requirement of evidence or security

Part of Finance Bill – in a Public Bill Committee at 4:00 pm on 15th May 2003.

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Photo of John Healey John Healey The Economic Secretary to the Treasury 4:00 pm, 15th May 2003

I have explained how missing trader fraud by which the Exchequer is systematically defrauded out of massive sums of money operates, and that it is rooted in supply chain relationships and trading relationships. The place in the supply chain is the relevant factor. I remind the hon. Gentleman that no company will have the power raised against it without a warning from Customs and without the power and provision to challenge the power in the

courts. Customs will make a judgment, but it can be challenged through the tribunal.