Session 2013 - 14
Internet Publications
Other Bills before Parliament


 
 

9

 

House of Commons

 
 

Thursday 8 May 2014

 

Public Bill Committee Proceedings

 

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.)


 

[Sixth and Seventh Sittings]


 

Ed Balls

 

Chris Leslie

 

Shabana Mahmood

 

Cathy Jamieson

 

Catherine McKinnell

 

Negatived on division  12

 

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

 

‘(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.’.

 

Clause Agreed to.

 

Clauses 36 to 38 Agreed to.

 

Clauses 39 and 40 Agreed to.

 

Clause 41 Agreed to.

 

Schedule 4 Agreed to.

 



 
 

Public Bill Committee Proceedings: 8 May 2014            

10

 

Finance (No.2), continued

 
 

Mr David Gauke

 

Agreed to  6

 

Schedule  5,  page  232,  line  31,  leave out ‘the relevant day’ and insert ‘—

 

(i)    

the day on which the trustee’s appointment as

 

mentioned in paragraph (a) takes effect, or

 

(ii)    

if the trustee is appointed as mentioned in paragraph

 

(a) on more than one occasion, the day on which the

 

first appointment takes effect’.

 

Mr David Gauke

 

Agreed to  7

 

Schedule  5,  page  234,  line  41,  leave out ‘the liability of’ and insert ‘retained or

 

assumed by’.

 

Mr David Gauke

 

Agreed to  8

 

Schedule  5,  page  234,  line  45,  leave out from ‘be’ to end of line 46 and insert

 

‘retained or assumed by the person who was, or the persons who were, the scheme

 

administrator when there last was a scheme administrator before the relevant day (unless

 

dead or having ceased to exist).’.

 

Mr David Gauke

 

Agreed to  9

 

Schedule  5,  page  235,  line  17,  leave out ‘section).”’ and insert ‘section), and in

 

particular the liability continues to be a liability of the scheme administrator for the

 

purposes of section 271(2).

 

(10)    

If a person assumes the liability under section 271(2) at a time after P

 

or Q’s appointment as, or as one of the persons who are, the scheme

 

administrator has ceased, the person who has, or the persons who

 

have, the liability by reason of subsection (3) or (4) is, or are, released

 

from the liability.

 

(11)    

A person who has, or persons who have, the liability by reason of

 

subsection (3) or (4) may apply to an officer of Revenue and Customs

 

to be released from the liability.

 

(12)    

Section 271(6) to (13) applies in relation to an application under

 

subsection (11) as it applies in relation to an application under section

 

271(5).”’.

 

Mr David Gauke

 

Agreed to  10

 

Schedule  5,  page  235,  line  39,  leave out sub-paragraph (3).

 

Schedule, as amended, Agreed to.

 

Clause 44 Agreed to.

 



 
 

Public Bill Committee Proceedings: 8 May 2014            

11

 

Finance (No.2), continued

 
 

Ed Balls

 

Chris Leslie

 

Shabana Mahmood

 

Cathy Jamieson

 

Catherine McKinnell

 

Negatived on division  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.’.

 

Clause Agreed to.

 

Clause 46 Agreed to.

 


 

Ed Balls

 

Chris Leslie

 

Shabana Mahmood

 

Cathy Jamieson

 

Catherine McKinnell

 

Withdrawn  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.’.

 

Clause 47 Agreed to.

 

Clause 48 Agreed to.

 

Schedule 6 Agreed to.

 

[Adjourned until Tuesday 13 May at 9.10 am


 
contents
 

© Parliamentary copyright
Revised 9 May 2014