We await the Minister’s more detailed explanation and context setting, but he said in Committee, on credit unions paying corporation tax on investment income and capital gains:
“As credit unions do not have a trade of lending money for corporation tax purposes, they are therefore neither explicitly included nor excluded from the Northern Ireland rate and as such
are in no worse a position because of it.”––[Official Report, Corporation Tax (Northern Ireland) Public Bill Committee, 5 February 2015; c. 51.]
Can the hon. Gentleman help the House in dealing with the Minister’s point?