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Tax Allowances

Volume 497: debated on Tuesday 13 October 2009

To ask the Chancellor of the Exchequer which tax schemes have been closed since 2 December 2004 as a result of retrospective legislation application. (289825)

Since 2 December 2004 a number of schemes have been closed by legislation which was enacted with retrospective effect (i.e. to a date before the announcement date). The schemes in question were addressed by the following provisions:

Section 92 Finance Act 2006 (avoidance using options etc);

Section 58 Finance Act 2008 (UK residents and foreign partnerships);

Section 67 Finance Act 2009 (deductions for employee liabilities);

Section 68 Finance Act 2009 (employment loss relief); and,

Section 61 and schedule 30 FA 2009 (financial arrangements avoidance).