Clause 90 - Corporate venturing scheme

Finance Bill – in a Public Bill Committee at 3:00 pm on 20th May 2004.

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

Photo of Mr Howard Flight Mr Howard Flight Shadow Chief Secretary To the Treasury, Economic Affairs, Shadow Chief Secretary to the Treasury

Our understanding is that the clause and the schedule make technical changes to corporate venturing schemes that are essentially similar to enterprise investment schemes in scope, but apply to companies and corporates. The technical changes are essentially the same as those to EIS and VCT investment parameters, and we welcome the proposals.

Question put and agreed to.

Clause 90 ordered to stand part of the Bill.

Schedule 20 agreed to.