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Proceeding contribution from Lord Higgins (Conservative) in the House of Lords on Monday, 10 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].


Dormant Bank and Building Society Accounts Bill [HL]

I am extremely grateful to the Minister for answering that point, although why on this amendment I am not entirely clear. However, what he is saying—if I understood him correctly—is that the revenue obtained by the Inland Revenue as a result of these disbursements will go up. If the account had simply remained dormant the Revenue would not have collected anything.


Secondary information

Type
Proceeding contribution
Reference
697 c46GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Charities Assets Bank services Banks Building societies Insurance Interest charges Pensions Lotteries Repayments Taxation Big Lottery Fund
Legislation
Dormant Bank and Building Society Accounts Bill (HL) 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk