Proceeding contribution from John Healey (Labour) in the House of Commons on Monday, 13 June 2005. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.
Finance Bill
The hon. Gentleman is drawing too wide a definition. The provisions of the schedule are for transactions related to the finance arrangements. Rather than the wider span that transfer pricing rules can bite on, this is a narrower focus relating to financial arrangements. The rules will have no tax consequences for transactions made on an arm’s length basis, so there is no reason why the scope of the rules should cause any real problems for ordinary commercial transactions.
Secondary information
- Type
- Proceeding contribution
- Reference
- 435 c77
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Complaints Disclosure of information Admissions Charities Companies Corporation tax Charitable donations Finance EU law Investment Exemptions Interest payments Gift aid Ownership Museums and galleries Property Loans Open ended investment companies Small businesses Tax avoidance Taxation Transfer pricing Financial Ombudsman Service National Savings and Investments Collective investment schemes
- Legislation
- Finance Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-16 21:50:45 +0100
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