Session 2014 - 15
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Other Bills before Parliament


 
 

83

 

House of Commons

 
 

Notices of Amendments

 

given up to and including

 

Friday 6 June 2014

 

New Amendments handed in are marked thus Parliamentary Star

 

Parliamentary Star - whiteAmendments which will comply with the required notice period at their next appearance

 

Public Bill Committee


 

Finance 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

 

15

 

Clause  68,  page  58,  line  40,  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.”

 



 
 

Notices of Amendments: 6 June 2014                     

84

 

Finance Bill, continued

 
 

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.

 

(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;


 
 

Notices of Amendments: 6 June 2014                     

85

 

Finance Bill, continued

 
 

(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;

 

(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.”

 



 
 

Notices of Amendments: 6 June 2014                     

86

 

Finance Bill, continued

 
 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

52

 

Parliamentary Star - white    

Clause  117,  page  96,  line  7,  at end insert—

 

“(7)    

The Chancellor of the Exchequer shall, within three months of Royal Assent,

 

undertake a review of the impact of the higher rate of machine games duty

 

introduced under this section.

 

(8)    

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

 

impact of the higher rate on—

 

(a)    

the net profitability of category B2 gaming machines compared with

 

other categories;

 

(b)    

the prevalence of category B2 machines;

 

(c)    

the usage of category B2 games compared with other category games;

 

(d)    

the number and prevalence of betting shops on high streets; and

 

(e)    

problem gambling as a result of category B2 games.

 

(9)    

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

 

the report before the House.”

 


 

Mr David Gauke

 

28

 

Parliamentary Star - white    

Clause  166,  page  120,  line  19,  after “to” insert—

 

“(a)    

in England and Wales, a fine, or

 

(b)    

in Scotland or Northern Ireland,”

 

Mr David Gauke

 

29

 

Parliamentary Star - white    

Clause  166,  page  120,  line  19,  at end insert—

 

“( )    

The reference in subsection (2)(a) to a fine is to be read as a reference to a fine

 

not exceeding level 5 on the standard scale in relation to an offence committed

 

before section 85(1) of the Legal Aid, Sentencing and Punishment of Offenders

 

Act 2012 comes into force.”

 


 

Mr David Gauke

 

30

 

Parliamentary Star - white    

Clause  167,  page  120,  line  27,  after “exceeding” insert—

 

“(i)    

in England and Wales, £20,000 or, if greater, three times the duty

 

which is unpaid or the payment of which is sought to be avoided,

 

or

 

(ii)    

in Scotland or Northern Ireland,”


 
 

Notices of Amendments: 6 June 2014                     

87

 

Finance Bill, continued

 
 

Mr David Gauke

 

31

 

Parliamentary Star - white    

Clause  167,  page  120,  line  40,  at end insert—

 

“(5)    

Section 85(1) of the Legal Aid, Sentencing and Punishment of Offenders Act

 

2012 does not apply in relation to the offence under subsection (1), but where

 

such an offence is committed before section 85(1) comes into force the reference

 

in subsection (2)(b)(i) to £20,000 is to be read as a reference to the statutory

 

maximum.”

 


 

Mr David Gauke

 

32

 

Parliamentary Star - white    

Clause  212,  page  141,  line  3,  leave out “tax”

 

Mr David Gauke

 

33

 

Parliamentary Star - white    

Clause  212,  page  141,  line  9,  leave out “resulting from the same tax arrangements”

 

and insert “and the chosen arrangements;”

 

Mr David Gauke

 

34

 

Parliamentary Star - white    

Clause  212,  page  141,  line  13,  after “it” insert “and the chosen arrangements”

 


 

Mr David Gauke

 

36

 

Parliamentary Star - white    

Schedule   28,  page  536,  line  6,  leave out “tax”

 

Mr David Gauke

 

37

 

Parliamentary Star - white    

Schedule   28,  page  536,  line  15,  leave out “resulting from the same tax

 

arrangements” and insert “and the chosen arrangements;”

 

Mr David Gauke

 

38

 

Parliamentary Star - white    

Schedule   28,  page  536,  line  21,  after “it” insert “and the chosen arrangements”

 


 

Mr David Gauke

 

35

 

Parliamentary Star - white    

Clause  222,  page  151,  leave out line 18

 



 
 

Notices of Amendments: 6 June 2014                     

88

 

Finance Bill, continued

 
 

Mr David Gauke

 

39

 

Parliamentary Star - white    

Clause  242,  page  163,  line  19,  after “subsection (3)” insert “or (10)”

 


 

Mr David Gauke

 

40

 

Parliamentary Star - white    

Clause  244,  page  165,  line  17,  at end insert “, and

 

(d)    

any person who the monitored promoter could reasonably be expected to

 

know is a relevant intermediary in relation to a relevant proposal of the

 

monitored promoter.”

 

Mr David Gauke

 

41

 

Parliamentary Star - white    

Clause  244,  page  165,  line  34,  at end insert—

 

“( )    

A person is a relevant intermediary in relation to a relevant proposal of a

 

monitored promoter if the person meets the conditions in section 229(a) to (c)

 

(meaning of “intermediary”) at any time while the monitoring notice in relation

 

to the monitored promoter has effect.”

 

Mr David Gauke

 

42

 

Parliamentary Star - white    

Clause  244,  page  165,  line  36,  leave out “or (2)(c)”

 

Mr David Gauke

 

43

 

Parliamentary Star - white    

Clause  244,  page  165,  line  41,  at end insert—

 

“( )    

in the case of a person falling within subsection (2)(c), the period of 30

 

days beginning with the later of the day of the notification mentioned in

 

subsection (1) and the first day on which the monitored promoter could

 

reasonably be expected to know that the person fell within subsection (4),

 

and

 

( )    

in the case of a person falling within subsection (2)(d), the period of 30

 

days beginning with the later of the day of the notification mentioned in

 

subsection (1) and the first day on which the monitored promoter could

 

reasonably be expected to know that the person was a relevant

 

intermediary in relation to a relevant proposal of the monitored

 

promoter.”

 


 

Mr David Gauke

 

44

 

Parliamentary Star - white    

Clause  251,  page  170,  line  39,  leave out paragraph (b) and insert—

 

“( )    

requires the person to provide the information.”

 

Mr David Gauke

 

45

 

Parliamentary Star - white    

Clause  251,  page  171,  line  11,  leave out paragraph (b) and insert—

 

“( )    

requires the person to provide the information.”


 
 

Notices of Amendments: 6 June 2014                     

89

 

Finance Bill, continued

 
 

Mr David Gauke

 

46

 

Parliamentary Star - white    

Clause  251,  page  171,  line  19,  leave out paragraph (b) and insert—

 

“( )    

requires the person to provide the information.”

 


 

Mr David Gauke

 

47

 

Parliamentary Star - white    

Clause  266,  page  179,  line  4,  after “information” insert “or documents”

 


 

Mr David Gauke

 

50

 

Parliamentary Star - white    

Schedule  31,  page  546,  line  34,  leave out “client” and insert “clients and

 

intermediaries”

 


 

Mr David Gauke

 

48

 

Parliamentary Star - white    

Clause  270,  page  180,  line  45,  at end insert—

 

“( )    

In section 240 of IHTA 1984 (underpayments)—

 

(a)    

in subsection (3) for “and (5)” substitute “to (5A)”,

 

(b)    

in subsection (5), for “those dates” substitute “the dates in subsection

 

(2)(a) and (b)”,

 

(c)    

after subsection (5) insert—

 

“(5A)    

Proceedings in a case involving a loss of tax attributable to

 

arrangements which were expected to give rise to a tax

 

advantage in respect of which a person liable for the tax was

 

under an obligation to make a report under section 246 of the

 

Finance Act 2014 (duty to notify Commissioners of promoter

 

reference number) but failed to do so, may be brought at any time

 

not more than 20 years after the later of the dates in subsection

 

(2)(a) and (b).”, and

 

(d)    

in subsection (8), for “, (5) and (6)” substitute “to (6)”.”

 



 
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Revised 9 June 2014