Session 2014 - 15
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Other Bills before Parliament


 
 

111

 

House of Commons

 
 

Thursday 12 June 2014

 

Public Bill Committee

 

New Amendments handed in are marked thus Parliamentary Star

 

Parliamentary Star - whiteAmendments 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.)


 

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


 
 

Public Bill Committee: 12 June 2014                     

112

 

Finance Bill, continued

 
 

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;”

 

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)”

 



 
 

Public Bill Committee: 12 June 2014                     

113

 

Finance Bill, continued

 
 

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.”

 

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—


 
 

Public Bill Committee: 12 June 2014                     

114

 

Finance Bill, continued

 
 

“( )    

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

 

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.”

 



 
 

Public Bill Committee: 12 June 2014                     

115

 

Finance Bill, continued

 
 

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).”

 


 

NEW CLAUSES

 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

NC1

 

To move the following Clause—

 

“Lower rate of tax

 

(1)    

The Chancellor of the Exchequer shall, within six months of Royal Assent, lay

 

before Parliament a report containing proposals for an income tax rate of 10 per

 

cent on a band of income above the personal allowance.

 

(2)    

The report mentioned in subsection (1) above shall provide for the full benefit of

 

the 10 per cent. rate not being available to taxpayers paying the higher or

 

additional rates of tax.”

 


 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

NC2

 

To move the following Clause—

 

“Higher rate of tax

 

(1)    

The Chancellor of the Exchequer shall, within three months of the passing of this

 

Act, undertake a review of the number of people paying the 40 per cent rate of

 

income tax in the years—

 

(a)    

2010-2011;

 

(b)    

2011-2012;

 

(c)    

2012-2013; and

 

(d)    

2013-2014.


 
 

Public Bill Committee: 12 June 2014                     

116

 

Finance Bill, continued

 
 

(2)    

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

 

NC3

 

To move the following Clause—

 

“Personal allowance for those born after 5 April 1948

 

The Chancellor of the Exchequer shall, within three months of the passing of this

 

Act, undertake a review of the impact of the removal of the age-related personal

 

allowance on anyone who reached the age of 65 on or after April 2013 and place

 

a copy in the Library.”

 


 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

NC4

 

To move the following Clause—

 

“Capital gains tax and employee shareholders

 

(1)    

The Chancellor of the Exchequer shall, within three months of the passing of this

 

Act, undertake a review of the impact on tax revenues of employee shareholder

 

status as defined by section 205A of the Employment Rights Act 1996, and set

 

out the conclusion of the review in a report.

 

(2)    

The report referred to in subsection (1) above must in particular set out—

 

(a)    

the impact on total capital gains tax receipts paid to the Exchequer arising

 

from the capital gains exemptions under section 236B of the Taxation of

 

Chargeable Gains Act 1992;

 

(b)    

the estimated value of shares owned by employees working in employee

 

shareholder jobs and the number of such employees.

 

(3)    

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

 

the report before the House.

 

(4)    

Subsequent reviews must be completed before the end of each period of 12

 

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

 



 
 

Public Bill Committee: 12 June 2014                     

117

 

Finance Bill, continued

 
 

Ed Balls

 

Chris Leslie

 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

NC5

 

To move the following Clause—

 

“Review of reform to the annual investment allowance

 

(1)    

The Chancellor of the Exchequer shall, within three months of the passing of this

 

Act, undertake a review of the impact on business investment of changes to

 

section 51A of the Capital Allowance Act 2001 made by the Finance Act 2011.

 

(2)    

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

 

NC6

 

To move the following Clause—

 

“Report on the additional rate of income tax

 

(1)    

The Chancellor of the Exchequer shall, within three months of the passing of this

 

Act, publish a report on the additional rate of income tax.

 

(2)    

This report shall review the impact upon Exchequer receipts of setting the

 

additional rate to 50 per cent in the tax year 2014-15.

 

(3)    

The report shall review what impact reducing the additional rate for 2013-14 had

 

on the amount of income tax currently paid by those with taxable incomes of—

 

(a)    

over £150,000 per year; and

 

(b)    

over £1,000,000 per year.

 

(4)    

The report shall review what impact the reduction in the additional rate for 2013-

 

14 had on the level of bonuses awarded in the financial sector in April 2013.”

 


 

Cathy Jamieson

 

Catherine McKinnell

 

Shabana Mahmood

 

NC7

 

To move the following Clause—

 

“False self-employment in the construction sector

 

(1)    

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

 

undertake a review of disguised self-employment in the construction sector.


 
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© Parliamentary copyright
Revised 12 June 2014