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| (Except Clauses 1, 3, 16, 183, 184 and 200 to 212; Schedules 3 and 41; any new Clauses, and
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| any new Schedules, first appearing on the Order Paper not later than Tuesday 16 April 2013
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| and relating to tax measures concerning housing; and any new Clauses, and any new
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| Schedules, relating to value added tax or the bank levy or air passenger duty or the
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| subject matter of Clauses 1 and 16 and Schedule 3 or the subject matter of Clause 3
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| or the subject matter of Clauses 203 to 212 and Schedule 41)
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| [ThirteeNTH AND FourTeentH Sittings]
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| Clause 51, page 24, line 33, at end add— |
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| | ‘(13) | The Chancellor of the Exchequer shall publish a report to Parliament within three |
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| | months of Royal Assent of this Act on the impact of the abolition of contracting |
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| | out on lower earners, women born between 1951 and 1953, and individuals |
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| | without a continuous 35 years of employment.’. |
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| Clause 51, page 24, line 33, at end add— |
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| | ‘(13) | The Chancellor of the Exchequer shall publish an impact assessment of the |
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| | Single-Tier Pension proposals taking account of the implications of the changed |
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| | implementation timetable announced in the Budget Statement of March 2013 for |
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| | individuals, the pensions industry and employers, and place a copy of the |
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| | Assessment in the House of Commons Library.’. |
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| | Clauses 52 and 53 Agreed to. |
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| Clause 54, page 27, line 5, at end insert ‘and provision for an exemption from |
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| income tax in connection with advice relating to proposed employee shareholder |
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| Clause 54, page 27, line 5, at end add— |
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| | ‘(2) | The Chancellor of the Exchequer shall review the impact of this section on tax |
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| | avoidance activity, and place a copy of this review in the Library of the House of |
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| | Commons within six months of Royal Assent.’. |
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| Clause 54, page 27, line 5, at end add— |
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| | ‘(2) | The Chancellor of the Exchequer shall review the impact of this section and |
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| | section 31 of the Growth and Infrastructure Act 2013, on employment rights and |
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| | on tax avoidance activity, and place a copy of this review in the Library of the |
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| | House of Commons within six months of Royal Assent.’. |
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| | Clause, as amended, Agreed to. |
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| Schedule 22, page 326, line 31, leave out ‘(c)’ and insert ‘(d)’. |
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| Schedule 22, page 333, line 18, leave out ‘(c)’ and insert ‘(d)’. |
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| Schedule 22, page 339, line 8, at end insert— |
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| | 36B | In Chapter 11 of Part 4 of ITEPA (employment income: miscellaneous |
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| | exemptions), after section 326A insert— |
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| | “Employee shareholder agreements |
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| | 326B | Advice relating to proposed employee shareholder agreements |
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| | (1) | No liability to income tax arises by virtue of— |
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| | (a) | the provision of relevant advice by a relevant independent |
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| | (b) | the payment or reimbursement, in accordance with section |
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| | 205A(7) of the Employment Rights Act 1996, of any |
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| | reasonable costs incurred in obtaining relevant advice. |
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| | (2) | “Relevant advice” means— |
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| | (a) | advice, other than tax advice, which is provided for the |
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| | purposes of section 205A(6)(a) of that Act (advice as to terms |
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| | and effect of employee shareholder agreement), and |
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| | (b) | tax advice which is so provided and consists only of an |
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| | explanation of the tax effects of employee shareholder |
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| | “employee shareholder agreement” means an agreement by virtue of |
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| | which an employee is an employee shareholder (see section |
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| | 205A(1)(a) to (d) of that Act); |
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| | “relevant independent adviser” has the meaning that it has for the |
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| | purposes of section 203(3)(c) of that Act.”’. |
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| | Schedule, as amended, Agreed to. |
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| | Clauses 55 to 63 Agreed to. |
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| | Clauses 65 and 66 Agreed to. |
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| Clause 67, page 35, line 37, leave out subsection (2). |
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| Clause 67, page 36, line 15, at end add— |
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| | ‘(9) | The Chancellor of the Exchequer shall review the overall impact of the |
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| | Government’s overall budgetary and policy decisions on support for the low |
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| | emitting vehicles industry, and the sales of these vehicles, and place a copy of this |
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| | review in the Library of the House of Commons within six months of Royal |
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| | Clauses 69 to 71 Agreed to. |
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| | Clauses 73 and 74 Agreed to. |
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| | Clauses 75 and 76 Agreed to. |
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| Schedule 28, page 373, line 9, leave out from ‘3B’ to ‘loans’ in line 10 and insert |
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| ‘makes provision about the treatment of certain repayments and return payments made in |
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| Schedule 28, page 375, line 18, leave out from beginning to end of line 12 on page |
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| | ‘464C | Treatment of certain repayments and return payments |
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| | (a) | within any period of 30 days— |
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| | (i) | the qualifying amount of repayments made to a close company |
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| | in respect of one or more chargeable payments made by the |
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| | company to a person totals £5,000 or more, and |
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| | (ii) | the available amount of the relevant chargeable payments made |
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| | by the company to the person or an associate of the person totals |
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| | (b) | the relevant chargeable payments are made in an accounting period |
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| | subsequent to that in which the chargeable payments mentioned in |
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| | paragraph (a)(i) were made, |
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| | | the qualifying amount of the repayments, so far as not exceeding the available |
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| | amount of the relevant chargeable payments, is to be treated for the purposes of |
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| | this Chapter as a repayment of the relevant chargeable payments. |
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| | (2) | A chargeable payment is a relevant chargeable payment for the purposes of |
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| | subsection (1) if (or to the extent that) it is not repaid within the period of 30 days |
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| | mentioned in that subsection. |
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| | (a) | immediately before a repayment is made in respect of one or more |
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| | chargeable payments made by a close company to a person, the total |
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| | amount amount owed to the company by the person in respect of |
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| | chargeable payments is £15,000 or more, |
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| | (b) | at the time the repayment is made, arrangements had been made for one |
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| | or more chargeable payments to be made to replace some or all of the |
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| | (c) | the available amount of the chargeable payments made by the company |
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| | to the person or an associate of the person under the arrangements totals |
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| | | the qualifying amount of the repayment, so far as not exceeding the available |
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| | amount of the chargeable payments mentioned in paragraph (c), is to be treated |
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| | for the purposes of this Chapter as a repayment of those chargeable payments. |
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| | (4) | An amount contained in a charg eable payment is an available amount— |
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| | (a) | for the purposes of subsection (1), to the extent that no repayment has |
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| | been treated as made in respect of it by the previous operation of that |
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| | (b) | for the purposes of subsection (3), to the extent that no repayment has |
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| | been treated as made in respect of it— |
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| | (i) | by the operation of subsection (1), or |
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| | (ii) | by the previous operation of subsection (3). |
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| | (5) | An amount contained in a repayment is a qualifying amount to the extent that it |
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| | has not been treated by the previous operation of this section as a repayment of a |
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| | (6) | This section does not apply in relation to a repayment which gives rise to a charge |
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| | to income tax on the participator or associate by reference to whom the loan, |
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| | advance or benefit was a chargeable payment. |
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| | (7) | The Treasury may by order vary a sum specified in subsection (1) or (3). |
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| | (8) | An order under subsection (7) may contain incidental, supplemental, |
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| | consequential and transitional provision and savings.’. |
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| Schedule 28, page 376, line 15, leave out ‘464C(4)’ and insert 464C(1) and (3)’. |
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| Schedule 28, page 376, line 18, leave out ‘464C(4)’ and insert 464C(1) or (3)’. |
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| Schedule 28, page 376, line 23, leave out ‘464C(4)’ and insert ‘464C(1) or (3)’. |
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| | Schedule, as amended, Agreed to. |
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| | Clauses 77 to 86 Agreed to. |
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| | Clauses 87 to 90 Agreed to. |
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| [Adjourned until Thursday at 11.30 am |
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