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Proceeding contribution from Baroness Ussher (Labour) in the House of Commons on Wednesday, 2 July 2008. It occurred during Debate on bill on Finance Bill.

Finance Bill

I can clarify that. That particular class of special purpose vehicles does not have to make returns to the FSA, which is why we need the set of rules that we will introduce through secondary legislation very soon. Amendment agreed to. Amendments made: No. 31, page 271, line 14, after 'period', insert"'and distributions received by the company in the accounting period from companies resident in the United Kingdom so far as ""referable (in accordance with section 432A of the Taxes Act 1988) to the company's basic life assurance and general annuity business'." No. 32, page 272, line 8, at end insert—"'Insurance special purpose vehicles""19A In section 431A of ICTA (powers to amend), after subsection (2) insert—"

Secondary information

Type
Proceeding contribution
Reference
478 c983-4 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Accountancy Capital gains tax Business Corporation tax Competition Budgets Income tax Insurance companies Excise duties Fuels Double taxation Domicil Economic situation Motor vehicles Parliamentary scrutiny Public participation Prices Small businesses Tax allowances Taxation VAT Shareholders Revenue and Customs Carbon emissions
Legislation
Finance Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk