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Schedule 46

Part of Finance Bill – in a Public Bill Committee at 12:00 pm on 23rd June 2009.

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Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury) 12:00 pm, 23rd June 2009

My hon. Friend’s point about costs is right. One of the issues here is that companies that are already compliant, or those that are assessed as being low risk by HMRC—there is a risk-assessment process that HMRC has undertaken for these large companies—will end up incurring unnecessary additional costs.