Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Schedule 46

Part of Finance Bill – in a Public Bill Committee at 12:15 pm on 23rd June 2009.

Alert me about debates like this

Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury) 12:15 pm, 23rd June 2009

I knew that partnerships were excluded. It is clear that they are and the Financial Secretary said so at the time. The question was about why they were excluded. The Minister seems to return to the concept of risk. Partnerships are seen to be low risk—I am not sure about the basis for deciding that—but all companies, depending on the size criteria, and whether they are high or low risk, will have to take part in this regime. Why should low-risk companies be part of the regime, when low-risk partnerships are outside it?