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Proceeding contribution from Mark Field (Conservative) in the House of Commons on Wednesday, 6 July 2005. It occurred during Debate on bill on Finance Bill.


Finance Bill

I am glad that we have had a concise debate and a precise response from the Minister on this issue. He is quite right when he identifies that the Government have gone some way, through the sunset clause, to keeping the insurance industry happy. One of the main reasons for the sunset clause was the fact that this was rushed legislation. I am glad that the Minister has also been able to demonstrate that if anyone in the insurance industry is able to show that a double charge would take place and that they would lose out on the grounds that we have set out, there will at least be an opportunity to reassess the situation.On that basis, I beg to ask leave to withdraw the amendment.


Secondary information

Type
Proceeding contribution
Reference
436 c397;436 c397-8 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Children Debts Land Insurance companies Law Excise duties Freight Fuels Inheritance tax Double taxation Investment trusts Oil Property transfer Reform Tax avoidance Taxation VAT Trusts Rural areas Stamp duty land tax Sunset clauses
Legislation
Finance Bill 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk