§ Mr. Richard Pageasked the Chancellor of the Exchequer when he intends to publish the regulations referred to in the proposals in the Finance (No. 2) Bill for changes in the subcontractor scheme.
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§ Mr. Peter ReesI have today arranged for the Inland Revenue to publish the regulations in draft and copies are available in the Library. I hope that this will he helpful, both as a background to the Report stage debates on the Finance Bill and to enable interested parties to comment before the regulations are brought into effect.
The important changes we are proposing in the sub-contractor scheme will now enable many deserving applicants to qualify for certificates. The Government would be grateful if comments on the draft could be sent to the Inland Revenue by 23 July next.