House of Commons Amendments

Session 2013 - 14
Internet Publications
Other Bills before Parliament

35

House of Commons

Notices of Amendments

given on

Thursday 1 May 2014

For other Amendment(s) see the following page(s) of Supplement to Votes:

28-34

Public Bill Committee

Finance (No. 2) Bill

(Except Clauses 1, 5 to 7, 11, 72 to 74 and 112; Schedule 1; and certain new Clauses and new

Schedules.)

Ed Balls

Chris Leslie

Shabana Mahmood

Cathy Jamieson

Catherine McKinnell

11

Clause  30,  page  30,  line  8,  at end insert—

‘(3)
The Chancellor of the Exchequer shall, within six months of the passing of this

Act, publish and lay before the House a report setting out the impact, over the next

three years, of the changes made to the Corporation Tax Act 2009 by this section.

(4)
The report must in particular set out—

(a)
how much additional tax revenue the measures introduced by this section

are expected to generate to the UK Exchequer, for each year in which

they are in operation; and

(b)
the impact of those measures on revenues lost to the Exchequer as a

consequence of tax avoidance schemes, for each year in which they are

in operation.’.

Ed Balls

Chris Leslie

Shabana Mahmood

Cathy Jamieson

Catherine McKinnell

12

Clause  35,  page  36,  line  18,  at end insert—

Notices of Amendments: 1 May 2014
36

Finance (N, continued

‘(16)
The Chancellor of the Exchequer shall, within three months of Royal Assent,

undertake a review into the impact of the changes made by this section to the

number of community amateur sports clubs in the UK.

(17)
The report referred to in subsection (1) above must in particular examine—

(a)
the value of company profit donations to community amateur sports

clubs over the last four years;

(b)
the amount of Class 1 national insurance contributions paid by

community amateur sports clubs, and

(c)
the average cost to community amateur sports clubs in order to retain

their CASC status.

(18)
The Chancellor of the Exchequer must publish the report of the review and lay

the report before the House.’.

Pension flexibility: Treasury analysis

Ed Balls

Chris Leslie

Shabana Mahmood

Cathy Jamieson

Catherine McKinnell

NC8

To move the following Clause:—

‘(1)
The Chancellor of the Exchequer shall, within six months of this Act receiving

Royal Assent, publish and lay before the House of Commons any analysis

prepared by the Treasury prior to the publication of Budget 2014 relating to the

impact of changes made by sections 39 to 43 of this Act to Schedules 28 and 29

to the Finance Act 2004.

(2)
The information published under subsection (1) must include—

(a)
any assessment made of the impact of the provision for independent face

to face guidance on the 2004 Act;

(b)
the distributional impact, by income decile of the population, of changes

made by sections 39 to 43 of this Act;

(c)
a behavioural analysis; and

(d)
the financial risk assessment.’.

Ed Balls

Chris Leslie

Shabana Mahmood

Cathy Jamieson

Catherine McKinnell

13

Clause  45,  page  43,  line  6,  at end insert—

‘( )
The Chancellor of the Exchequer shall carry out reviews of the effects of the

operation of the provision made by or under this Clause.

( )
The first review must be completed before the end of the period of five years

beginning with the date on which section 45 of this Act, so far as it inserts this

section, comes into force.

( )
Subsequent reviews must be completed before the end of the period of five years

beginning with the date on which the previous review was completed.

( )
A report of each review must be laid before both Houses of Parliament.

( )
A report of each review must be made available to the Treasury Select

Committee.’.

Notices of Amendments: 1 May 2014
37

Finance (N, continued

Ed Balls

Chris Leslie

Shabana Mahmood

Cathy Jamieson

Catherine McKinnell

14

Clause  47,  page  43,  line  35,  at end insert—

‘(5)

(a)
The Chancellor of the Exchequer shall, within six months of this Act

receiving Royal Assent, undertake a review of the impact of changes

made by this section to the Income Tax (Earning and Pensions) Act 2003

(share incentive plans) on—

(i)
the uptake of Share Incentive Plans;

(ii)
changes made to the maximum value of Share Incentive Plans

that can be awarded to an employee;

(iii)
changes made to the maximum amount of an employee’s salary

that can be used to purchase Share Incentive Plans;

(iv)
the types of business using Share Incentive Plans.’.

Ed Balls

Chris Leslie

Shabana Mahmood

Cathy Jamieson

Catherine McKinnell

15

Clause  68,  page  61,  line  39,  at end insert—

‘( )
The Chancellor of the Exchequer shall, within six months of the passing of this

Act, publish and lay before the House of Commons a report setting out the

impact, over the next three years, of the changes made to the Corporation Tax Act

2009 and the Income Tax (Trading and Other Income) Act 2005 by Schedule 13.

( )
The report must in particular set out—

(a)
how much additional tax revenue the measures introduced by this section

are expected to generate to the UK Exchequer, for each year in which

they are in operation; and

(b)
the impact of those measures on revenues lost to the Exchequer as a

consequence of tax avoidance schemes for each year in which they are in

operation.’.



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