§ CASH BASIS, ETC.: POST-CESSATION AND OTHER RECEIPTS
§ Mr. DiamondI beg to move Amendment No. 75, in page 16, leave out lines 17 and 18 and insert:
(a) the decision has been taken to prepare accounts reflecting the change, or.This is a relieving Amendment. The Bill as drafted excluded from the new charge on post-cessation receipts those arising from a genuine pre-Budget day change of accounting basis. Questions were raised as to the meaning of that and I promised to give the matter further consideration. I now agree that the Bill as originally drafted was unnecessarily restrictive. Therefore, the Amendment would substitute for the requirement of a written notice to the Inspector of Taxes one that a decision had been taken before Budget day to prepare accounts reflecting the change, and any argument about whether a decision had been taken or not would be settled in the ordinary way.
§ Mr. Charles Fletcher-Cooke (Darwen)All I will say is that we are grateful.
§ Amendment agreed to.