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Clause 23 - Loan relationships: debts becoming held by connected company

Part of Finance Bill – in a Public Bill Committee at 5:15 pm on 12th June 2012.

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Photo of Ian Mearns Ian Mearns Labour, Gateshead 5:15 pm, 12th June 2012

I am interested in the figures that the Minister cites. He said that something like £300 million involved just one bank. Has HMRC or the Treasury investigated how much could be recoupable from banks that use this mechanism?