Clause 152 - General replacement of refrences to

Finance Bill – in a Public Bill Committee at 5:00 pm on 20th May 2003.

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Question proposed, That the clause stand part of the Bill.

Photo of Stephen O'Brien Stephen O'Brien Shadow Paymaster General

I want to raise a short point on behalf of the Law Society. No amendment is proposed. The clause lists the instances in which the terms ''branch'' or ''agency'' are to be changed in the existing legislation. The Law Society says:

''We are concerned at how these changes are tracked through. For example, sub-clause (2) states that section 606(13) of the Taxes Act 1988 is amended, yet this section refers back to the definition in section 118 of the Taxes Management Act 1970, which is itself repealed in its entirety by Schedule 43 in the Bill.''

Is there a consequential amendment to come, possibly on Report?

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

The hon. Gentleman rightly said that the clause replaces the term ''branch'' or ''agency'' by ''permanent establishment'' in the relevant parts of the Taxes Act 1988. He specifically asked about subsection (2). Section 606(13) of the 1988 Act is amended by schedule 27 of the Bill. As a result, there is no longer a reference to section 118 of the Taxes Management Act 1970. There is no error.

Photo of Stephen O'Brien Stephen O'Brien Shadow Paymaster General

I am grateful to the Paymaster General. That is noted and accepted.

Question put and agreed to.

Clause 152 ordered to stand part of the Bill.