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Finance Bill

Will the Minister clarify the interaction between the returns that insurance special purpose vehicles are required to supply under the Financial Services and Markets Act 2000 and the tax burden? The explanatory notes almost suggest that the taxation is driven by forms. I am sure that that is not meant to be the case, but I should be grateful if the Minister commented on it. I am pleased to see that the Government have tabled amendment No. 33. The issue caused significant concern among all parties in Committee. By attempting to amend the Bill, the Government appeared to move to deal with a tax case that was in progress, so it is good that the Treasury has recognised the importance of the case continuing and working its way through. I know that that was welcomed by those concerned with the case.