Bill Presented — Clause 92 — Duties of senior accounting officers of large companies — 13 May 2009 at 14:30

I beg to move amendment 4, page 45, line 18, after 'after', insert 'the first anniversary of'.

The amendment refers to clause 92, which imposes additional duties on senior accounting officers of large companies. The Financial Secretary can be assured that schedule 46 will be discussed in some detail in Committee upstairs, because it raises issues that need to be explored properly. From time to time, we have been complimentary to the Government when they have consulted on legislation: we recognised their efforts in consulting businesses on the taxation of foreign profits, and, after a somewhat tortuous process, the outcome of that consultation was satisfactory.

Question put, That the amendment be made.

The Committee divided: Ayes 154, Noes 285.

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