Session 2013 - 14
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Other Bills before Parliament


 
 

7

 

House of Commons

 
 

Thursday 16 May 2013

 

Public Bill Committee Proceedings

 

Finance Bill


 

(Except 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)


 

[Fifth and Sixth Sittings]


 

Clause 6 Agreed to.

 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Negatived on division  10

 

Clause  7,  page  3,  line  8,  at end add—

 

‘(3)    

The Treasury shall review, within six months of Royal Assent, the impact that

 

changing the allowance under section 51A of CAA 2001 from £100,000 to

 

£25,000 and back to £250,000 1 has had on small and medium-sized enterprises

 

and business confidence, and a place a copy of this review in the Library of the

 

House of Commons.’.

 

Clause Agreed to.

 

Schedule 1 Agreed to.

 


 

Nigel Mills

 

Withdrawn  2

 

Clause  8,  page  4,  line  1,  at end add—

 

‘(7)    

The Chancellor of the Exchequer shall bring forward in time for the 2014 Budget

 

proposals in relation to exempting competitors in major sporting events,

 

including the criteria for determining whether a sporting event meets the

 

requirements for exempting competitors.’.

 

Clause Agreed to.


 
 

Public Bill Committee Proceedings: 16 May 2013            

8

 

Finance Bill, continued

 
 

Clauses 9 and 10 Agreed to.

 


 

Ed Balls

 

Chris Leslie

 

Catherine McKinnell

 

Cathy Jamieson

 

Withdrawn  16

 

Clause  11,  page  6,  line  16,  at end add—

 

‘(3)    

The Chancellor of the Exchequer shall within 12 months of the passing of this

 

Act, provide a report to Parliament on the impact of these provisions including

 

on, but not limited to—

 

(a)    

death-in-service schemes;

 

(b)    

other death benefits;

 

(c)    

non-working spouses without independent pensions provisions.’.

 

Clause Agreed to.

 

Clauses 12 to 14 Agreed to.

 


 

Mr David Gauke

 

Agreed to  17

 

Schedule  2,  page  151,  line  16,  leave out sub-paragraph (3) and insert—

 

    ‘(3)  

In sub-paragraph (4)(b) for “provision for forfeiture” substitute “restriction”.’.

 

Mr David Gauke

 

Agreed to  18

 

Schedule  2,  page  155,  line  28,  leave out sub-paragraphs (2) and (3) and insert—

 

    ‘(2)  

In sub-paragraph (1) for the first “all” substitute “some or all of the”.

 

      (3)  

After sub-paragraph (1) insert—

 

“(1A)  

The company’s direction must set out—

 

(a)    

the amount of the cash dividends to be applied as

 

mentioned in sub-paragraph (1), or

 

(b)    

how that amount is to be determined.”

 

      (4)  

In sub-paragraph (4) after “may” insert “modify or”.’.

 

Mr David Gauke

 

Agreed to  19

 

Schedule  2,  page  156,  line  5,  leave out sub-paragraph (2) and insert—

 

    ‘(2)  

Sub-paragraph (3) applies to a direction requiring the reinvestment of cash

 

dividends which is given before that day.

 

      (3)  

For the purposes of paragraph 62(1A) of Schedule 2 to ITEPA 2003 the

 

direction is to be treated as requiring the reinvestment of all the cash dividends,

 

subject to any modification of the direction which is made on or after that day

 

under paragraph 62(4) of that Schedule.’.

 

Schedule, as amended, Agreed to.


 
 

Public Bill Committee Proceedings: 16 May 2013            

9

 

Finance Bill, continued

 
 

Clause 15 Agreed to.

 

[Adjourned until Tuesday 21 May at 9.10 am


 
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