Session 2012 - 13
Internet Publications
Other Bills before Parliament


 
 

1113

 

House of Commons

 
 

Notices of Amendments

 

given on

 

Wednesday 10 April 2013

 

Committee of the whole House


 

Finance (No. 2) Bill

 

(Clauses 1, 3, 16, 183, 184 and 200 to 212; Schedules 3 and 41; any new Clauses, and any new


 

Schedules, first appearing on the Order Paper not later than Tuesday 16 April 2013 and


 

relating to tax measures concerning housing; and any new Clauses, and any new Schedules,


 

relating to value added tax or the bank levy or air passenger duty or the subject matter of


 

Clauses 1 and 16 and Schedule 3 or the subject matter of Clause 3 or the subject matter of


 

Clauses 203 to 212 and Schedule 41)


 

(Subject to agreement of the Finance (No. 2) Bill Programme Motion)

 

Ed Balls

 

Chris Leslie

 

Catherine McKinnell

 

Cathy Jamieson

 

1

 

Clause  1,  page  1,  line  7,  at end add—

 

‘(1)    

The Chancellor of the Exchequer shall, within three months of the passing of this

 

Act, publish a report on the additional rate of income tax.

 

(2)    

This report shall review the impact upon Exchequer receipts of setting the

 

additional rate to 50 per cent. in tax year 2014-15.

 

(3)    

The report shall review what impact reducing the additional rate for 2013-14 will

 

have on the amount of income tax currently paid by those with taxable incomes of

 

(a)    

over £150,000 per year; and

 

(b)    

over £1,000,000 per year.’.

 

Ed Balls

 

Chris Leslie

 

Catherine McKinnell

 

Cathy Jamieson

 

2

 

Clause  200,  page  118,  line  22,  at end add—

 

‘(14)    

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 additional revenue raised would be invested to

 

create new jobs and tackle unemployment.’.


 
 

Notices of Amendments: 10 April 2013                  

1114

 

Finance (N, continued

 
 

Government housing market support (second homes)

 

Ed Balls

 

Chris Leslie

 

Catherine McKinnell

 

Cathy Jamieson

 

NC1

 

To move the following Clause:—

 

‘HM Government shall provide a report to Parliament within three months of the

 

passing of this Act on the availability of government housing market support to

 

those seeking to purchase a second home and plans to cease this.’.

 

Ed Balls

 

Chris Leslie

 

Catherine McKinnell

 

Cathy Jamieson

 

3

 

Clause  203,  page  120,  line  9,  at end add—

 

‘(4)    

Her Majesty’s Revenue and Customs shall review the possibility of bringing

 

forward measures to work in conjunction with other G8 countries to require

 

multi-national companies to publish a single easily comparable figure for the

 

amount of corporation tax they pay in the UK, and within six months of the

 

passage of this Act, place a copy of the review in the House of Commons Library.

 

(5)    

The Chancellor of the Exchequer shall review the effects of incorporating

 

measures into the general anti-abuse rule to require multi-national companies to

 

publish a single easily comparable figure for the amount of corporation tax they

 

pay in the UK on Treasury tax receipts within six months of the passage of this

 

Act and consult with G8 countries on their effectiveness, and place a copy of the

 

review in the House of Commons Library.’.

 

Ed Balls

 

Chris Leslie

 

Catherine McKinnell

 

Cathy Jamieson

 

4

 

Clause  3,  page  2,  line  11,  at end add—

 

‘(3)    

The Chancellor of the Exchequer shall lay before Parliament proposals for an

 

income tax rate of 10 per cent on income above the personal allowance, with the

 

range of income covered by the 10 per cent rate being determined by the

 

Exchequer yield of a mansion tax and so that the full benefit of the 10 per cent

 

rate goes to basic rate taxpayers.’.

 

Ed Balls

 

Cathy Jamieson

 

Chris Leslie

 

Catherine McKinnell

 

5

 

Clause  1,  page  1,  line  7,  at end add—

 

‘(2)    

Income tax is charged for the tax year 2013-14, and for that tax year—

 

(a)    

the basic rate is 20%,

 

(b)    

the higher rate is 40%, and

 

(c)    

the additional rate is 50%.

 

(3)    

Income tax is charged for the tax year 2014-15, and for that tax year—


 
 

Notices of Amendments: 10 April 2013                  

1115

 

Finance (N, continued

 
 

(a)    

the basic rate is 20%,

 

(b)    

the higher rate is 40%, and

 

(c)    

the additional rate is 50%.’.

 

Rate of VAT

 

Ed Balls

 

Cathy Jamieson

 

Chris Leslie

 

Catherine McKinnell

 

NC2

 

To move the following Clause:—

 

‘(1)    

In section 2(1) of the Value Added Tax Act 1994 (Rate of VAT) for “20 per cent”

 

substitute “17.5 per cent”.

 

(2)    

Subsection (1) shall have effect from Royal Assent and shall expire at such time

 

as the Government presents to Parliament a report stating that the UK economy

 

has returned to strong growth.’.

 


 
contents
 

© Parliamentary copyright
Revised 15 April 2013