House of Commons Amendments

Session 2014 - 15
Internet Publications
Other Bills before Parliament

97

House of Commons

Tuesday 10 June 2014

Public Bill Committee

New Amendments handed in are marked thus

Amendments which will comply with the required notice period at their next appearance

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.”

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.

Public Bill Committee: 10 June 2014
98

Finance Bill, continued

(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;

(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—

Public Bill Committee: 10 June 2014
99

Finance Bill, continued

“(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.”

Ed Balls

Chris Leslie

Cathy Jamieson

Catherine McKinnell

Shabana Mahmood

52

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

Public Bill Committee: 10 June 2014
100

Finance Bill, continued

(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

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

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

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,”

Mr David Gauke

31

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

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

Mr David Gauke

33

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

and insert “and the chosen arrangements;”

Public Bill Committee: 10 June 2014
101

Finance Bill, continued

Mr David Gauke

34

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

Mr David Gauke

36

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

Mr David Gauke

37

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

arrangements” and insert “and the chosen arrangements;”

Mr David Gauke

38

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

Mr David Gauke

35

Clause  222,  page  151,  leave out line 18

Mr David Gauke

39

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

Mr David Gauke

40

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

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.”

Public Bill Committee: 10 June 2014
102

Finance Bill, continued

Mr David Gauke

42

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

Mr David Gauke

43

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

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

“( )
requires the person to provide the information.”

Mr David Gauke

45

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

“( )
requires the person to provide the information.”

Mr David Gauke

46

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

“( )
requires the person to provide the information.”

Mr David Gauke

47

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

Mr David Gauke

50

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

Public Bill Committee: 10 June 2014
103

Finance Bill, continued

intermediaries”

Mr David Gauke

48

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)”.”

Mr David Gauke

49

Clause  272,  page  182,  line  13,  leave out paragraph (b) and insert—

“( )
the officer of Revenue and Customs intends to seek the approval of the

tribunal to the giving of the notice.”

Mr David Gauke

51

Schedule  32,  page  552,  line  9,  leave out sub-paragraph (2) and insert—

    “( )
But in this Part of this Act “partnership” does not include a body of persons

forming a legal person that is distinct from themselves (and paragraphs 2 to 21

may accordingly be disregarded in applying this Part of this Act to such a body

of persons).”



© Parliamentary copyright	Revised 10 June 2014