Clause 9

Part of National Insurance Contributions Bill – in a Public Bill Committee at 9:15 am on 9th December 2010.

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Photo of David Gauke David Gauke The Exchequer Secretary 9:15 am, 9th December 2010

The point is that those are not new penalties. There are financial penalties for failing to keep records. On the hon. Gentleman’s specific point, electronic records can be sufficient and there is no need to keep paper records. As for the time period, it is always the case that there is a need for a time period in which to keep records that apply to the scheme. The EU state aid rules set a maximum amount that can be received over a three-year period, and that is why we have a three-year period for the scheme.

Chris Leslie rose—