Session 2013 - 14
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Other Bills before Parliament


 
 

63

 

House of Commons

 
 

Notices of Amendments

 

given on

 

Thursday 8 May 2014

 

For other Amendment(s) see the following page(s):

 

Finance (No. 2) Bill Committee 53-61

 

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

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

24

 

Clause  71,  page  61,  line  2,  at end insert—

 

‘(3)    

The Chancellor of the Exchequer shall, within six months of this Act receiving

 

Royal Assent, publish a report on levels of revenue from the rates set out in this

 

section.

 

(4)    

The report referred to in subsection (3) above must in particular examine—

 

(a)    

changes in revenue due to illicit market share,

 

(b)    

action to mitigate any such changes in revenue.

 

(5)    

The Chancellor of the Exchequer must publish the report of the review and lay

 

the report before the House.’.

 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

25

 

Clause  92,  page  84,  line  16,  at end insert—

 

‘(3)    

The section shall not come into force except as specified in subsection (2) below.


 
 

Notices of Amendments: 8 May 2014                      

64

 

Finance (No.2), continued

 
 

(1)    

The Chancellor of the Exchequer shall bring the section into force by

 

order within six months of the passing of this Act.

 

(2)    

A statutory instrument containing an order under subsection (3) shall be

 

accompanied by a report which details—

 

(a)    

the impact of the provisions in the section on consumers and on

 

fuel poverty;

 

(b)    

the impact of the provisions in the section on energy-intensive

 

industries and on employment in those industries;

 

(c)    

the level of carbon leakage in the energy-intensive industry as a

 

result of the provisions in this section;

 

(d)    

the effect of the provisions in the section on investment in new

 

renewable power generation and on investment in new nuclear

 

power generation;

 

(e)    

any effective subsidy provided to, or additional profits accruing

 

to, operators of existing and new nuclear power stations as a

 

result of the provisions in the section;

 

(f)    

what additional package of measures will be enacted to mitigate

 

the impact of the section on energy-intensive industries;

 

(g)    

the impact on business investment of—

 

(i)    

changes to Schedule 6 to the Finance Act 2000 made by

 

Finance Act 2011;

 

(ii)    

changes to Schedule 6 to the Finance Act 2000 made by

 

this Act.’.

 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

26

 

Clause  107,  page  90,  line  33,  at end insert—

 

‘(5A)    

The Chancellor of the Exchequer shall, within six months of this Act receiving

 

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

 

the impact of changes made to Schedule 19 of the Finance Act 1999 by this

 

section.

 

(5B)    

The report referred to in subsection (5A) must in particular consider—

 

(a)    

the impact on tax revenues;

 

(b)    

the expected beneficiaries; and

 

(c)    

a distributional analysis of the beneficiaries.’.

 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

27

 

Clause  113,  page  94,  line  2,  at end insert—

 

‘(1)    

Before bringing forward any further changes to the bank levy rates system the

 

Chancellor shall lay before Parliament a report setting out the impact of all tax

 

changes applying to banks since 2010 on—

 

(a)    

UK banking groups;

 

(b)    

building society groups;


 
 

Notices of Amendments: 8 May 2014                      

65

 

Finance (No.2), continued

 
 

(c)    

foreign banking groups; and

 

(d)    

relevant non-banking groups.

 

(2)    

The report will pay particular attention to receipts from—

 

(a)    

corporation tax;

 

(b)    

the bank levy, and

 

(c)    

bank payroll tax.’.

 


 
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Revised 9 May 2014