My hon. Friend is absolutely right. That is one of the reasons why we are attempting to change the definitions in the Bill.
As I mentioned, there are several new clauses, two new schedules and 22 amendments. I propose to speak first to new clause 1 and new schedule 1 and then to contrast them with new clause 4 and new schedule 2, together with several amendments thereto that have been tabled by my hon. Friend the Member for North East Somerset (Jacob Rees-Mogg). I will then deal with the proposed changes to the definitions in the Bill and
one or two stand-alone amendments that do not fit into the other categories. I will deal with the accounting period at the same time. I will then speak to a series of amendments that would reduce the figure from 0.7% to 0.35% and explain how that proposal arose.