Clause 134 - Lloyd's names:

Finance Bill – in a Public Bill Committee at 4:45 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

I rise just to acknowledge that I understand there has been very useful co-operation between the Inland Revenue and Lloyd's to sort out these arrangements, which arise from individual Lloyd's members converting to underwriting through limited liability vehicles, and we support the measures.

Question put and agreed to.

Clause 134 ordered to stand part of the Bill.

Schedule 25 agreed to.