Schedule 37 - Loan relationships: amendments

Part of Finance Bill – in a Public Bill Committee at 3:30 pm on 17 June 2003.

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Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury) 3:30, 17 June 2003

I am sure that the hon. Gentleman will accept that the arrangement gives certainty to the vast majority of venture capital funds that the rule restricting relief for late paid interest does not apply to investments that they make.