Clause 294 - Duty of parties to notifiable arrangements not involving promoter

Part of Finance Bill – in a Public Bill Committee at 6:00 pm on 22nd June 2004.

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Photo of Rob Marris Rob Marris Labour, Wolverhampton South West 6:00 pm, 22nd June 2004

I am surprised at the hon. Gentleman's remarks, because the second word in the clause is ''person'', and that can apply to a company. A company may have in-house advice and no external promoter, but with in-house advice it may be setting up a tax-avoidance scheme that could and should be notifiable. The clause would cover that, and the clauses relating to promoters that we discussed earlier would not.