HC Deb 12 July 1982 vol 27 cc816-7
Mr. Ridley

I beg to move amendment No. 20, in page 22, line 33, at end add 'and, accordingly, no sum shall be so deducted in computing the profits or gains to be charged under Case VI of that Schedule.'. The amendment, the other amendment to clause 25, and the amendments to clause 27 and schedule 7, up to and including amendment No. 52 on the Amendment Paper, are either drafting amendments or so minor and technical, that I commend them to the House without debate. They involve no changes in tax levels and no changes in revenue. They involve no additions to or deletions from the rights of taxpayers, lenders or borrowers. Therefore, I hope that the House will agree to take them formally.

Amendment agreed to.

Amendment made: No. 160, in page 22, line 33, at end add— '(9) In the Finance Act 1976

  1. (a) in section 66 (taxation of benefit of employment linked loans) at the end of sub-section (8) there shall be added the words "or which would be so eligible apart from section 25 of the Finance Act 1982"; and
  2. (b) in paragraph 8 of Schedule 8 (provisions supplementary to section 66) the following sub-paragraph shall be substituted for sub-paragraph (1)—
(1) Interest is eligible for relief for the purpose of this Part of this Schedule if it is eligible for relief under section 75 of the Finance Act 1972 or would be eligible for such relief apart from section 25 of the Finance Act 1982.".'.—[Mr. Brittan.]

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