The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2025 Debate
Full Debate: Read Full DebateDepartment: HM Treasury
Gareth Davies
Main Page: Gareth Davies (Conservative - Grantham and Bourne)Department Debates - View all Gareth Davies's debates with the HM Treasury
The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2025
Gareth Davies Excerpts(3 days, 5 hours ago)
General CommitteesRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Gareth Davies (Grantham and Bourne) (Con)
It is a great pleasure to see you in the Chair, Ms Lewell, and I wish a happy new year to the Minister. I thank him for setting out how the regulations will help provide legal clarity on the scope of part 8C. As he outlined, the regulations put beyond doubt that the rules do not apply to claimants who are entitled to awards of simple interest at a rate equivalent to, or lower than, a similar rate under the taxes Acts. I understand that HMRC currently applies the legislation as originally intended, which the Minister set out clearly, and that these changes simply reflect the policy as set out in part 8C. Therefore, it will not surprise the Committee that the Opposition will not oppose this measure.