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| | For other Amendment(s) see the following page(s):
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| | Finance (No. 4) Bill Committee 30-37 |
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| | (Except Clauses 1, 4, 8, 189 and 209, Schedules 1, 23 and 33,
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| | and any new Clauses and new Schedules first appearing on the Order Paper not later than
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| | Tuesday 17 April 2012 and relating to value added tax)
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| | Clause 46, page 28, line 28, leave out ‘or’. |
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| | Clause 46, page 28, line 31, at end insert— |
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| | | ‘(iii) | an initial payment or any other payment made under a relevant |
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| | | superior lease to the person who is the lessor under that lease by |
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| | | the person who is the lessee under that lease, or |
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| | | (iv) | a payment to the seller of the proceeds of a sale of the plant or |
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| | | machinery to which subsection (2FC) applies,’. |
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| | Clause 46, page 28, leave out lines 36 to 38 and insert— |
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| | | ‘(2FB) | For the purposes of subsection (2FA)— |
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| | | “payment” includes the provision of any benefit, the assumption of any |
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| | | liability and any other transfer of money’s worth (and “payable” is to be |
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| | | “relevant superior lease” means any lease of the plant or machinery to which |
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| | | the long funding lease mentioned in subsection (1)(a) is inferior. |
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| | | (2FC) | This subsection applies to a sale of the plant or machinery if— |
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| | | (a) | a person has entered into a relevant transaction with another person in |
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| | | respect of the plant or machinery for the purposes of Chapter 17 of this |
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| | | Part (see section 213) and the sale is within section 213(1)(a), |
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| | | (b) | the plant or machinery is within section 216(1)(b) (sale and lease back), |
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| | | (c) | the conditions in section 227(2) are met.”’. |
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| | Schedule 8, page 275, line 16, leave out ‘6 April 2012’ insert ‘the day on which this |
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| | Schedule 8, page 275, line 18, leave out ‘date’ insert ‘day’. |
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| | Schedule 8, page 275, line 21, leave out ‘date’ insert ‘day’. |
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| | Schedule 8, page 275, line 31, leave out sub-paragraph (2) and insert— |
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| | | ‘(2) | Those amendment have effect for the purpose of determining whether shares |
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| | | or securities issued on or after 6 April 2012 are to be regarded as comprised in |
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| | | a company’s qualifying holdings.’. |
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| | Clause 20, page 12, line 3, at end add— |
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| | | ‘(2) | The Chancellor of the Exchequer shall review the extent to which intellectual |
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| | | property created as a result of research and development expenditure which falls |
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| | | within Part 13 of CTA 2009 is vested in companies whose income is not within |
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| | | the charge to corporation tax, and place a copy of the report in the House of |
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| | Clause 10, page 6, line 43, at end insert— |
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| | | ‘(5A) | The Chancellor of the Exchequer shall review how the targeted anti-avoidance |
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| | | measure contained in this section will interact with the proposed General Anti- |
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| | | Abuse Rule in Finance Bill 2013, and lay a report of his review in the House of |
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| | Clause 42, page 27, line 2, at end add— |
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| | | ‘The Chancellor of the Exchequer shall instruct the Office of Tax |
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| | | Simplification to prepare a report considering whether reforming the |
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| | | capital allowances regime, including by switching to using accounts |
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| | | depreciation, would be a more effective method of tackling avoidance. |
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| | | The report shall be placed in the House of Commons Library.’. |
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