The Revenue will collect only from the person reclaiming the account—that would be the case at present. All we are saying is that taxation would be paid within the reclaimed fund only if an individual claims the account.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Lord Davies of Oldham
(Labour)
in the House of Lords on Monday, 10 December 2007.
It occurred during Debate on bills
and
Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Type
Proceeding contribution
Reference
697 c46GC
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-16 02:27:14 +0000
URI
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