Session 2010 - 12
Internet Publications
Other Bills before Parliament
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| For other Amendment(s) see the following page(s) of Supplement to Votes:
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| 2351-52, 2385-90 and 2395-96 |
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| Finance (No. 3) Bill, As Amended |
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| To move the following Clause:— |
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| | ‘(1) | In section 2(1) of the Value Added Tax Act 1994 (rate of VAT), for “20 per cent” |
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| | substitute “17.5 per cent”. |
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| | (2) | In section 21(4) of that Act (restriction on value of imported goods), for “25 per |
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| | cent” substitute “28.58 per cent”. |
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| | (3) | The amendment made by subsections (1) and (2) has effect in relation to any |
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| | supply made on or after 30 August 2011 and any acquisition or importation taking |
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| | place on or after that date.’. |
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| | Transfer of powers over other taxes to Welsh Ministers |
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| To move the following Clause:— |
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| | ‘(1) | The Chancellor of the Exchequer shall make regulations to transfer to Welsh |
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| | Ministers powers relating to setting other taxes and environmental taxes in Wales. |
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| | (2) | “Other taxes and environmental taxes” shall include, but is not exclusive to— |
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| | (3) | Regulations made under subsection (1) must be laid within 12 months of the |
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| | passing of this Act and shall be subject to annulment in pursuance of a resolution |
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| | of either House of Parliament.’. |
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| | Transfer of Corporation Tax powers to Welsh Ministers |
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| To move the following Clause:— |
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| | ‘(1) | The Chancellor of the Exchequer shall make regulations to transfer to Welsh |
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| | Ministers powers relating to setting corporation tax in Wales. |
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| | (2) | Regulations made under subsection (1) must be laid within 12 months of the |
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| | passing of this Act and shall be subject to annulment in pursuance of a resolution |
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| | of either House of Parliament.’. |
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| | Value Added Tax (Change of Rate) Order 2011 |
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| To move the following Clause:— |
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| | ‘(1) | The Chancellor of the Exchequer shall make an order under the powers conferred |
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| | by sections 2(2) and 21(7) of the Value Added Tax Act 1994 that in section 2(1) |
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| | of the Value Added Tax Act 1994 (rate of VAT), the rate of tax charged by virtue |
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| | of that section shall be decreased by 12.5 per cent. |
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| | (2) | In section 21(4) (value of imported goods) of the Value Added Tax Act 1994 for |
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| | (3) | This Order shall be known as The Value Added Tax (Change of Rate) Order 2011 |
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| | and shall come into force on 30 August 2011.’. |
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