Part of Finance Bill – in a Public Bill Committee at 1:15 pm on 17 May 2007.
Rob Marris
Labour, Wolverhampton South West
1:15,
17 May 2007
May I remind my hon. Friend of paragraph 28 of the explanatory notes on the Clause, which states:
“Broadly, this measure affects policies where the premiums paid exceed £100,000 in a year and the policy is not held for at least three complete tax years”?
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
