Clause 128 - Manufactured dividends

Finance Bill – in a Public Bill Committee at 3:45 pm on 25th 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

The clause and the accompanying schedule comprise various anti-avoidance measures that I would describe as an entirely fair cop. There is nothing in them that is retrospective, and I have not been able to identify laziness in transactions tort. Therefore, we have no comments to make.

Question put and agreed to.

Clause 128 ordered to stand part of the Bill.

Schedule 24 agreed to.