|
| |
| | |
| | |
| |
| | |
| | |
| | |
| | For other Amendment(s) see the following page(s) of Supplement to Votes:
|
|
| | 2351-52, 2385-90, 2395-96 and 2447-48 |
|
| | |
| | Finance (No. 3) Bill, As Amended |
|
| | | |
| | |
| | |
| | |
| | |
| | |
| | | |
| | To move the following Clause:— |
|
| | | ‘The Treasury shall, within three months of the passing of this Act, report to |
|
| | | Parliament its assessment of the impact of the rate of VAT on UK economic |
|
| | | |
| | |
| | |
| | |
| | |
| | |
| | | |
| | Page 1, line 9 [Clause 1], at end insert— |
|
| | | ‘(3) | By 31 March 2012 the Office of Budget Responsibility, in consultation with |
|
| | | HMRC, will report to Parliament on the revenue of the 50 per cent. rate of income |
|
| | | tax and its impact on the UK economy.’. |
|
| | |
| | |
| | |
| | |
| | |
| | | |
| | Page 226, line 13 [Schedule 13], leave out ‘on the day on which this Act is passed’ |
|
| | and insert ‘when a full impact assessment on developing countries’ tax revenue has been |
|
|
| |
| | |
| | |
| |
| | laid before and approved by resolution of the House of Commons.’. |
|
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| | Page 45, line 5 [Clause 78], at end insert— |
|
| | | ‘(2) | The Schedule shall not come into force except as specified in subsection (3) |
|
| | | |
| | | (3) | The Chancellor of the Exchequer shall bring the Schedule into force by order |
|
| | | within six months of the passing of this Act. |
|
| | | (4) | A statutory instrument containing an order under subsection (3) shall be |
|
| | | accompanied by a report which details— |
|
| | | (a) | any effective subsidy provided to, or additional profits accruing to, |
|
| | | operators of existing and new nuclear power stations as a result of the |
|
| | | provisions in the Schedule; |
|
| | | (b) | the immediate impact of the provisions in the Schedule on consumers and |
|
| | | |
| | | (c) | the immediate impact of the provisions in the Schedule on energy-using |
|
| | | manufacturing industries and on employment in those industries; |
|
| | | (d) | the expected effect of the provisions in the Schedule on investment in |
|
| | | new renewable power generation and on investment in new nuclear |
|
| | | |
| | | (e) | the measures that the Chancellor intends to adopt in a future Finance Bill |
|
| | | in order to recoup any effective subsidy to or additional profits accruing |
|
| | | to the nuclear industry as a result of the Schedule; and |
|
| | | (f) | how the monies raised by those measures will be used to mitigate the |
|
| | | immediate impact of the Schedule on consumers and on manufacturing |
|
| | | industries and to encourage green investment.’. |
|
| | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | | |
| | |
| | | |
| | To move the following Clause:— |
|
| | | ‘The Government shall lay before Parliament a review of all taxation measures |
|
| | | contained in this Act that are applicable to those judged by the Financial Services |
|
|
| |
| | |
| | |
| |
| | | Authority (or its successor body) to engage in high cost credit lending. This |
|
| | | review shall consider the following matters— |
|
| | | (a) | the nature of the high cost credit market and the proliferation of lending |
|
| | | practices which are detrimental to consumers and or competition in the |
|
| | | provision of credit to consumers; |
|
| | | (b) | the impact that taxation could have on the provision of high cost credit in |
|
| | | the UK which is detrimental to consumers and or competition in the |
|
| | | provision of credit to consumers; |
|
| | | (c) | whether changes to taxation could discourage lending in a manner which |
|
| | | is detrimental to consumers and undermines competition in the provision |
|
| | | of credit to consumers; and |
|
| | | (d) | other measures relevant to the high cost credit lending sector that may |
|
| | | prevent consumer detriment.’. |
|
| | |
| | |
| | |
| | |
| | |
| | | |
| | Page 42, line 30 [Clause 73], at end insert— |
|
| | | ‘(2) | The Chancellor of the Exchequer shall review the possibility of incorporating a |
|
| | | bank payroll tax within the bank levy and publish a report, within six months of |
|
| | | the passing of this Act, on how the additional revenue raised would be invested |
|
| | | to create new jobs and tackle unemployment.’. |
|
| | |
| | | |
| | Page 1, line 9 [Clause 1], at end insert— |
|
| | | ‘(3) | A report on the impact of the current rates of income tax on inequality in the |
|
| | | United Kingdom, also taking into consideration all other direct and indirect taxes |
|
| | | including duties and excises, council taxes and mandatory charges for the use of |
|
| | | cars and televisions and making specific reference to the overall tax rate of |
|
| | | taxpayers grouped by decile in the United Kingdom and by each individual |
|
| | | constituent country shall be prepared by HM Treasury and laid before the House |
|
| | | of Commons not later than 1 December 2011.’. |
|
| | |
| | | |
| | Page 2, line 16 [Clause 4], leave out ‘is treated as having come into force on 1 April |
|
| | 2011’ and insert ‘shall come into effect when legislation shall have been enacted requiring |
|
| | that all public limited companies registered in the United Kingdom shall be required to |
|
| | submit the arrangements for the payment of salaries and bonuses of their directors to a |
|
| | binding vote of approval by their shareholders at an Annual General Meeting.’. |
|
| | |
| | | |
| | Page 5, line 8 [Clause 9], leave out ‘on or after 6 April 2011’ and insert ‘when a |
|
| | comprehensive report of HM Treasury on the impact of tax lost to HM Treasury as a result |
|
| | of the striking off of companies from the Register of Companies, whether voluntarily or |
|
| | as a result of the actions of the Registrar of Companies, is laid before this House with |
|
| | recommendations being made on how the number of such companies struck off the |
|
| | Register as a consequence of failure to comply with the requirements of the law can be |
|
| | curtailed and how the resulting loss of taxation to the Exchequer can be minimised’. |
|
|
| |
| | |
| | |
| |
| | |
| | | |
| | Page 27, line 4 [Clause 42], after ‘appoint’, insert ‘after a Report has been |
|
| | submitted to the House of Commons detailing the number of EIS schemes previously |
|
| | approved, their total cost in terms of tax relief, the number of jobs created by the |
|
| | companies enjoying such relief and the number of companies that failed subsequent to |
|
| | relief being granted allowing for an estimate to be made of the cost of each job created |
|
| | under the terms of this scheme when compared to the cost of tax relief given.’. |
|
| | |
| | | |
| | Page 28, line 14 [Clause 47], at end insert ‘and shall have effect when a Report is |
|
| | submitted to the House of Commons detailing progress made by HM Treasury in securing |
|
| | powers to obtain information on the activities of UK resident taxpayers in tax havens, |
|
| | progress made by the United Kingdom in securing rapid implementation of the proposed |
|
| | changes to the European Union Savings Tax Directive and progress made in securing |
|
| | information exchange under all tax information exchange agreements signed since 2005, |
|
| | including the number of information exchanges made with each territory with which such |
|
| | an agreement has been signed, the nature of the enquiry made in each case, the |
|
| | approximate amount of tax involved and the success of the jurisdiction in question in |
|
| | supplying the information requested.’. |
|
| | |
| | | |
| | Page 42, line 30 [Clause 73], at end insert ‘and shall have effect when a |
|
| | comprehensive report of HM Treasury on the potential for the introduction of a financial |
|
| | transaction tax based upon an average rate of 0.05 per cent. applied to individuals and |
|
| | institutions trading in financial products including stocks, bonds, currencies, |
|
| | commodities, futures and options, is laid before this House.’. |
|
| | |
| | | |
| | Page 2, line 16 [Clause 4], leave out ‘is treated as having come into force on 1 April |
|
| | 2011’ and insert ‘shall come into effect when legislation shall have been enacted requiring |
|
| | all public limited companies registered in the United Kingdom to publish the current |
|
| | salaries and bonuses of their directors.’. |
|
| | | Report on capital allowances |
|
| | |
| | | |
| | To move the following Clause:— |
|
| | | ‘The Chancellor shall direct the Office of Tax Simplification to report by 31 |
|
| | | March 2012 on the options for simplifying or replacing the capital allowances |
|
| | | regime with a view to ensuring businesses obtain tax relief for capital assets over |
|
| | | a period more closely matched to the useful life of those assets.’. |
|
| | | Windfall tax on nuclear power operators |
|
| | |
| | | |
| | To move the following Clause:— |
|
|
| |
| | |
| | |
| |
| | | ‘The Treasury shall by regulations recover all profits to operators of nuclear |
|
| | | power plants resulting from the Carbon Price Support Mechanism through a |
|
| | | windfall tax designed for that purpose.’. |
|
| | | Group filing for corporation tax |
|
| | |
| | | |
| | To move the following Clause:— |
|
| | | ‘The Chancellor shall direct the Office of Tax Simplification to report by 31 |
|
| | | March 2012 on the potential for the introduction of a consolidated corporation tax |
|
| | | filing for UK-resident companies meeting the current definition of a group for |
|
| | | corporation tax purposes, to include an assessment of the potential cost savings |
|
| | | for companies and HMRC, and the potential for reducing tax avoidance.’. |
|
| | | Value Added Tax (Reduced Rate) Order 2011 |
|
| | |
| | |
| | | |
| | To move the following Clause:— |
|
| | | ‘(1) | The Chancellor of the Exchequer shall make an order to amend Schedule 7A of |
|
| | | the Value Added Tax Act 1994 (Charge at Reduced Rate) to include maintenance |
|
| | | and home improvement work as services for which VAT should be charged at a |
|
| | | reduced rate of 5 per cent.. |
|
| | | (2) | “Maintenance and home improvement work” means improvement work carried |
|
| | | out on a property which is— |
|
| | | (a) | a single household dwelling, |
|
| | | (b) | a multiple occupancy dwelling, |
|
| | | (c) | a building, or part of a building, which, when it was last lived in, was used |
|
| | | for a relevant residential purpose and is classed as residential, or |
|
| | | (d) | a building where a change to residential use has been granted. |
|
| | | (3) | This Order shall be known as the the Value Added Tax (Reduced Rate) Order |
|
| | | 2011 and shall come into force on 30 August 2011.’. |
|
| | |
| | |
| | | |
| | Page 45, line 5 [Clause 78], at end insert—
|
|
| | |
| | ‘The Schedule shall come into force on a date specified by the Treasury by an order made |
|
| | by Statutory Instrument, which may not be made until an agreed packaged of mitigation |
|
| | measures for energy-intensive industries has been laid before the House of Commons and |
|
| | approved by a resolution of the House of Commons. The dates specified in paragraphs |
|
| | 8(3) and 9(5) of the Schedule shall be replaced by the date specified in the order under this |
|
| | section if it is later.’. |
|
| | |
|
