Session 2010 - 12
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Other Bills before Parliament


 
 

7

 

House of Commons

 
 

Notices of Amendments

 

given on

 

Thursday 19 April 2012

 

For other Amendment(s) see the following page(s):

 

Finance (No. 4) Bill Committee 1, 3 and 5-6

 

Public Bill Committee


 

Finance (No. 4) Bill

 

(Except Clauses 1, 4, 8, 189 and 209, Schedules 1, 23 and 33,


 

and any new Clauses and new Schedules first appearing on the Order Paper not later than


 

Tuesday 17 April 2012 and relating to value added tax)


 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

56

 

Clause  5,  page  4,  line  12,  at end add—

 

‘(3)    

The Chancellor of the Exchequer shall review the impact of the corporate tax

 

structure including the principle rates and investment allowances on the level of

 

business investment, and place a copy of the review in the Library of the House

 

of Commons.’.

 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

57

 

Clause  6,  page  4,  line  19,  at end add—

 

‘(4)    

The Chancellor of the Exchequer shall review the evidence in favour of using

 

reductions in the headline rate of corporation tax as a means of promoting long

 

term international competitiveness and place a copy of the review in the Library

 

of the House of Commons.’.


 
 

Notices of Amendments: 19 April 2012                  

8

 

Finance (No. 4) Bill, continued

 
 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

58

 

Clause  7,  page  4,  line  28,  at end add—

 

‘(4)    

The Chancellor of the Exchequer shall review the impact of the corporate tax

 

structure on businesses of different sizes, and shall place a copy of the review in

 

the Library of the House of Commons.’.

 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

59

 

Clause  9,  page  5,  line  44,  at end add—

 

‘(9)    

The Chancellor of the Exchequer shall review the ability of HMRC to deliver the

 

anti-avoidance measures contained in this section and lay a report of his review

 

before Parliament.’.

 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

60

 

Clause  2,  page  2,  line  27,  at end add—

 

‘(3)    

The Chancellor of the Exchequer shall review the impact of the setting of the

 

basic rate limit on increasing the number of higher rate income tax payers and

 

place a copy of the review in the Library of the House of Commons.’.

 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

61

 

Clause  2,  page  2,  line  27,  at end add—

 

‘(3)    

The Chancellor of the Exchequer shall review the impact that setting the basic

 

rate limit will have on average tax rates paid by total income and a copy of the

 

report shall be placed in the House of Commons Library.’.

 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

62

 

Clause  3,  page  2,  line  33,  at end add—

 

‘(3)    

The Chancellor of the Exchequer shall review the overall impact on families of

 

this section compared with other measures the Government is introducing and

 

place a copy of the review in the Library of the House of Commons.’.


 
 

Notices of Amendments: 19 April 2012                  

9

 

Finance (No. 4) Bill, continued

 
 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

63

 

Clause  5,  page  4,  line  12,  at end add ‘The Chancellor of the Exchequer shall review

 

the impact of the corporate tax structure on different sectors and place a copy of the review

 

in the Library of the House of Commons’.

 

Ed Balls

 

Rachel Reeves

 

Owen Smith

 

Cathy Jamieson

 

Chris Leslie

 

64

 

Clause  5,  page  4,  line  12,  at end add—

 

‘(3)    

The Chancellor of the Exchequer shall review the impact of the corporation tax

 

rate on growth, jobs, and investment in the economy, and produce a plan for jobs

 

and growth, which he shall lay before the House of Commons.’.

 

Nigel Mills

 

65

 

Clause  23,  page  14,  line  36,  leave out subsections (8) to (12).

 

Nigel Mills

 

66

 

Schedule  3,  page  185,  line  3,  at end insert—

 

‘37A (1)  

Section 1074 (“Additional deduction in calculating profits of trade”) is

 

amended as follows.

 

      (2)  

In section (i) leave out “and C” and insert “C and D”.

 

      (3)  

After subsection (4) insert—

 

“(4A)    

Condition D is that any intellectual property created as a result of the

 

research and development is or will be vested in a company whose

 

income is within the change to corporation tax”.’.

 


 
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