Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Tuesday, 7 July 2009. It occurred during Debate on bill on Finance Bill.
Finance Bill
The hon. Gentleman's argument is absolutely right. However, advisers and promoters are coming up with schemes right now, and there is a real risk of loss of revenue yield and of individuals so engaged finding themselves subject to retrospective legislation. I am trying to work out where the balance should lie between the Revenue saying, "No, you can't do it—we're about to outlaw it", and allowing people to continue to develop these schemes and then finding that they are subject to retrospective legislation.
Secondary information
- Type
- Proceeding contribution
- Reference
- 495 c853-4
- 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
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- 2024-04-21 12:41:33 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_575356
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