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Proceeding contribution from Colin Breed (Liberal Democrat) in the House of Commons on Tuesday, 7 July 2009. It occurred during Debate on bill on Finance Bill.


Finance Bill

I fully agree with the thrust of the hon. Gentleman's argument, but he might be aware that the Select Committee on the Treasury received certain information from Barclays bank about its tax avoidance schemes. The schemes that it developed are extremely complex, and it took them to HMRC and got the staff there to look at them and basically approve them, because it did not have the resources and everything else to go through it all, whopped it back to its clients and said, "We put this to HMRC, they think it's okay and now we have all sorts of ways of trying to alleviate that"—


Secondary information

Type
Proceeding contribution
Reference
495 c847 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Companies Corporation tax Beer Competition Income tax Excise duties Low incomes Public houses Tax allowances Tax avoidance Taxation Tourism Rented housing Tax rates and bands Revenue and Customs Trade competitiveness Office of Tax Simplification
Legislation
Finance Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk