Session 2014 - 15
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:                                             

159

 

, continued

 
 

(i)    

provision for the withdrawal of the accreditation

 

concerned with effect from the time of the failure or a

 

later time, and

 

(ii)    

provision for the imposition of penalties,

 

(e)    

make provision for publication of information about an

 

accreditation or accredited social impact contractor, and

 

(f)    

make provision for reviews of, or for appeals to the tribunal

 

against, any of the following—

 

(i)    

a refusal to grant or vary an accreditation,

 

(ii)    

the imposition of a requirement under subsection

 

(1)(b),

 

(iii)    

the withdrawal of an accreditation (whether under

 

section 257JD(4) or by virtue of provision made

 

under paragraph (d)(i)), and

 

(iv)    

the imposition or amount of a penalty imposed by

 

virtue of provision made under paragraph (d)(ii).

 

(4)    

Regulations under subsection (1) or (3) may—

 

(a)    

make provision for the making of decisions by a Minister of

 

the Crown as to any matter required to be decided for the

 

purposes of the regulations,

 

(b)    

be framed by reference to material published by, or on behalf

 

of, a Minister of the Crown after the making of the regulations

 

(as well as by reference to material published before the

 

making of the regulations),

 

(c)    

make different provision for different cases or circumstances

 

or in relation to different areas, and

 

(d)    

contain incidental, supplemental, consequential and

 

transitional provision and savings.

 

(5)    

In this section—

 

“accreditation” means accreditation under section 257JD, and

 

“regulations” means regulations made by the Treasury.

 

257JG

Period of accreditation as a social impact contractor

 

(1)    

An accreditation under section 257JD has effect for a period—

 

(a)    

beginning with the day specified in the accreditation, and

 

(b)    

of a length specified in, or determined in accordance with, the

 

accreditation.

 

(2)    

The day specified under subsection (1)(a) in an accreditation may not

 

be earlier than 6 April 2014 but subject to that—

 

(a)    

may be, or be earlier than, the day it is decided to grant the

 

accreditation (and in particular may be, or be earlier than, the

 

day the application for the accreditation is made), and

 

(b)    

may be earlier than the day section 257JD comes into force.

 

(3)    

This section has effect subject to sections 257JD(4) and 257JF(3)(d)(i)

 

(withdrawal of accreditations).

 

257JH

Functions of Ministers of the Crown under sections 257JD to 257JG

 

(1)    

A Minister of the Crown may delegate any function given to a Minister

 

of the Crown by or under sections 257JD to 257JG other than a power

 

of the Treasury to make regulations.


 
 

:                                             

160

 

, continued

 
 

(2)    

In those sections and this section “Minister of Crown” has the meaning

 

given by section 8(1) of the Ministers of the Crown Act 1975.”

 

Mr Chancellor of the Exchequer

 

Agreed to  18

 

Schedule  9,  page  331,  line  1,  at end insert—

 

“( )    

Subsection (1)(b) is subject to the provisions in sections 257LB and

 

257MJ to 257MN which provide for conditions set out in those

 

sections not to apply where the social enterprise is an accredited social

 

impact contractor.”

 

Mr Chancellor of the Exchequer

 

Agreed to  19

 

Schedule  9,  page  334,  line  44,  at end insert—

 

“( )    

Subsections (2) to (4) do not apply if the social enterprise is an

 

accredited social impact contractor.”

 

Mr Chancellor of the Exchequer

 

Agreed to  20

 

Schedule  9,  page  335,  line  12,  after “257MJ(2)(c)” insert “or is a parent company

 

that is an accredited social impact contractor”

 

Mr Chancellor of the Exchequer

 

Agreed to  21

 

Schedule  9,  page  339,  line  23,  at end insert—

 

“257M

The continuing to be a social enterprise requirement

 

The social enterprise must be a social enterprise throughout the shorter

 

applicable period.”

 

Mr Chancellor of the Exchequer

 

Agreed to  22

 

Schedule  9,  page  343,  line  11,  after “period” insert “, but this does not apply if the

 

social enterprise is an accredited social impact contractor”

 

Mr Chancellor of the Exchequer

 

Agreed to  23

 

Schedule  9,  page  343,  line  15,  after “business” insert “—

 

(i)    

 

Mr Chancellor of the Exchequer

 

Agreed to  24

 

Schedule  9,  page  343,  line  17,  leave out “non-qualifying” and insert “non-trade

 

activities, and

 

(ii)    

does not consist wholly, or as to a substantial part, in the

 

carrying-on of excluded”

 

Mr Chancellor of the Exchequer

 

Agreed to  25

 

Schedule  9,  page  344,  line  14,  at end insert “, and


 
 

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161

 

, continued

 
 

“non-trade activities” means activities which are neither of the

 

following—

 

(c)    

activities carried on in the course of a trade, and

 

(d)    

activities carried on in the course of preparing to carry on a

 

trade.”

 

Mr Chancellor of the Exchequer

 

Agreed to  26

 

Schedule  9,  page  345,  line  26,  at end insert—

 

“( )    

This section does not apply if the social enterprise is an accredited

 

social impact contractor.”

 

Mr Chancellor of the Exchequer

 

Agreed to  27

 

Schedule  9,  page  346,  line  19,  at end insert—

 

“( )    

If the social enterprise is an accredited social impact contractor, the

 

preceding provisions of this section apply with the following

 

modifications—

 

(a)    

in subsection (1), for “28 months” substitute “24 months”,

 

(b)    

in that subsection, for “the funded purpose” substitute “the

 

carrying out of the social impact contract concerned”, and

 

(c)    

omit subsections (2), (3), (5) and (6).”

 

Mr Chancellor of the Exchequer

 

Agreed to  28

 

Schedule  9,  page  347,  line  7,  at end insert—

 

“( )    

This section does not apply if the social enterprise is an accredited

 

social impact contractor.”

 

Mr Chancellor of the Exchequer

 

Agreed to  29

 

Schedule  9,  page  347,  line  20,  at end insert “257JD,”

 

Mr Chancellor of the Exchequer

 

Agreed to  30

 

Schedule  9,  page  353,  line  10,  at end insert—

 

“( )    

If the social enterprise is an accredited social impact contractor,

 

subsection (1) applies with the omission of its paragraph (a).”

 

Mr Chancellor of the Exchequer

 

Agreed to  31

 

Schedule  9,  page  354,  line  8,  at end insert—

 

“( )    

If the social enterprise is an accredited social impact contractor,

 

subsection (3) applies with the omission of its paragraph (a).”

 

Mr Chancellor of the Exchequer

 

Agreed to  32

 

Schedule  9,  page  355,  line  8,  at end insert—


 
 

:                                             

162

 

, continued

 
 

“( )    

An order under this section may make different provision for different

 

cases or purposes.”

 

Mr Chancellor of the Exchequer

 

Agreed to  33

 

Schedule  9,  page  372,  line  31,  leave out “257MA” and insert “257M”

 

Mr Chancellor of the Exchequer

 

Agreed to  34

 

Schedule  9,  page  373,  line  24,  after “sections” insert “257M,”

 

Mr Chancellor of the Exchequer

 

Agreed to  35

 

Schedule  9,  page  374,  line  13,  at end insert—

 

“(7)    

If the event mentioned in subsection (1) is one whose occurrence

 

results in the requirement in section 257M not being met in respect of

 

the investment, the references in subsections (2) and (3) to the social

 

enterprise are to—

 

(a)    

the body concerned even though it has ceased to be a social

 

enterprise, or

 

(b)    

the body into which the social enterprise has been converted.”

 

Mr Chancellor of the Exchequer

 

Agreed to  36

 

Schedule  9,  page  376,  line  11,  after “prevent” insert “—

 

(a)    

 

Mr Chancellor of the Exchequer

 

Agreed to  37

 

Schedule  9,  page  376,  line  12,  at end insert—

 

“(b)    

disclosure to a Minister of the Crown for the purposes of

 

functions of a Minister of the Crown under sections 257JD to

 

257JG, or

 

(c)    

disclosure to a person for the purposes of functions delegated

 

to the person under section 257JH(1).”

 

Mr Chancellor of the Exchequer

 

Agreed to  38

 

Schedule  9,  page  376,  line  18,  after “Information” insert “originally disclosed in

 

reliance on subsection (2)(a)”

 

Mr Chancellor of the Exchequer

 

Agreed to  39

 

Schedule  9,  page  376,  line  19,  at end insert—

 

“(5)    

Information originally disclosed in reliance on subsection (2)(b) or (c)

 

may be disclosed in reliance on subsection (3)(a) only for the purposes

 

of—

 

(a)    

functions of a Minister of the Crown under sections 257JD to

 

257JG, or

 

(b)    

functions delegated to a person under section 257JH(1).


 
 

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163

 

, continued

 
 

(6)    

If, in contravention of subsections (3) to (5), any revenue and customs

 

information relating to a person is disclosed and the identity of the

 

person—

 

(a)    

is specified in the disclosure, or

 

(b)    

can be deduced from it,

 

    

section 19 of the Commissioners for Revenue and Customs Act 2005

 

(offence of wrongful disclosure) applies as it applies in relation to a

 

disclosure of such information in contravention of section 20(9) of that

 

Act.

 

(7)    

In subsection (6) “revenue and customs information relating to a

 

person” has the meaning given by section 19(2) of that Act.

 

(8)    

Subject to subsections (3) and (5), no obligation as to confidentiality

 

or other restriction on disclosure, whether imposed by an enactment or

 

otherwise, prevents disclosure of relevant information—

 

(a)    

to a Minister of the Crown for the purposes of functions of a

 

Minister of the Crown under sections 257JD to 257JG,

 

(b)    

to a person for the purposes of functions delegated to the

 

person under section 257JH(1), or

 

(c)    

to an officer of Revenue and Customs for the purpose of

 

assisting Her Majesty’s Revenue and Customs to discharge

 

their functions under the Income Tax Acts so far as relating to

 

matters arising under this Part.

 

(9)    

In subsection (8) “relevant information” means information

 

obtained—

 

(a)    

by a Minister of the Crown, or

 

(b)    

by a person to whom functions have been delegated under

 

section 257JH(1),

 

    

in the course of discharging functions under sections 257JD to 257JG.

 

(10)    

In this section “Minister of the Crown” has the meaning given by

 

section 8(1) of the Ministers of the Crown Act 1975.”

 

Mr Chancellor of the Exchequer

 

Agreed to  40

 

Schedule  9,  page  381,  line  20,  leave out “by way of, or amounts” and insert “not by

 

way of, and does not amount”

 

Mr Chancellor of the Exchequer

 

Agreed to  41

 

Schedule  10,  page  387,  line  5,  at end insert—

 

    “(8)  

A reference in this paragraph to a social enterprise is a reference to

 

a body that is a social enterprise for the purposes of Part 5B of ITA

 

2007 (see section 257J of that Act).”


 
 

:                                             

164

 

, continued

 
 

Mr Chancellor of the Exchequer

 

Agreed to  3

 

Schedule  27,  page  535,  line  45,  at end insert—

 

  “(7A)  

Section 207(2A) applies to an appeal by virtue of sub-paragraph (7)(a) as it

 

applies to an appeal under section 207(1).”

 

Mr Chancellor of the Exchequer

 

Agreed to  44

 

Schedule  33,  page  559,  line  35,  leave out “(see sections 236J to 236L)” and insert

 

“at the time of the disposal and continues to meet that requirement for the remainder of

 

the tax year in which that time falls (see sections 236J to 236L and subsection (4A) of this

 

section)”

 

Mr Chancellor of the Exchequer

 

Agreed to  45

 

Schedule  33,  page  560,  line  1,  leave out “but does meet it at the end of that year”

 

and insert “but—

 

(i)    

it meets that requirement at the end of that tax year, and

 

(ii)    

if it met the requirement at an earlier time in that tax year

 

(whether before or after the time of the disposal) it continued to

 

meet it throughout the remainder of that tax year,”

 

Mr Chancellor of the Exchequer

 

Agreed to  46

 

Schedule  33,  page  560,  line  7,  at end insert—

 

“(4A)    

For the purposes of subsection (4)(b)—

 

(a)    

unless the settlement met the all-employee benefit requirement by virtue

 

of section 236L (cases in which all-employee benefit requirement treated

 

as met) at the time of the disposal, that section does not apply for the

 

purposes of determining whether the settlement continues to meet that

 

requirement after the disposal, and

 

(b)    

if, at the time of the disposal, the settlement met that requirement by

 

virtue of section 236L and later continues to meet it otherwise than by

 

virtue of that section, it may not again meet the requirement by virtue of

 

that section.”

 

Mr Chancellor of the Exchequer

 

Agreed to  47

 

Schedule  33,  page  560,  line  19,  at end insert—

 

“(7)    

Section 236NA makes provision about events which prevent a claim being made

 

under this section and circumstances in which a claim is revoked.”

 

Mr Chancellor of the Exchequer

 

Agreed to  48

 

Schedule  33,  page  563,  line  46,  leave out “is treated as meeting that requirement”

 

and insert “at any time is treated as meeting that requirement at that time”


 
 

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165

 

, continued

 
 

Mr Chancellor of the Exchequer

 

Agreed to  49

 

Schedule  33,  page  564,  line  9,  leave out “day of the disposal mentioned in section

 

236H(1)” and insert “time in question”

 

Mr Chancellor of the Exchequer

 

Agreed to  50

 

Schedule  33,  page  566,  line  10,  at end insert—

 

“(A1)    

The limited participation requirement is met if Conditions A and B are met.”

 

Mr Chancellor of the Exchequer

 

Agreed to  51

 

Schedule  33,  page  566,  line  11,  leave out “The limited participation requirement is

 

met if” and insert “Condition A is that”

 

Mr Chancellor of the Exchequer

 

Agreed to  52

 

Schedule  33,  page  566,  line  15,  at end insert—

 

“(1A)    

Condition B is that the participator fraction does not exceed 2/5 at any time in the

 

period beginning with that disposal and ending at the end of the tax year in which

 

it occurs.”

 

Mr Chancellor of the Exchequer

 

Agreed to  53

 

Schedule  33,  page  566,  line  18,  after “(1)(b)” insert “and (1A)”

 

Mr Chancellor of the Exchequer

 

Agreed to  54

 

Schedule  33,  page  567,  line  7,  at end insert—

 

“236NA 

 No section 236H relief if disqualifying event in next tax year

 

(1)    

This section applies where—

 

(a)    

a disposal is made in circumstances where paragraphs (a) and

 

(b) of section 236H(1) are satisfied, and

 

(b)    

one or more disqualifying events occur in relation to the

 

disposal in the tax year following the tax year in which the

 

disposal occurs.

 

(2)    

A “disqualifying event” occurs in relation to the disposal if and

 

when—

 

(a)    

C ceases to meet the trading requirement,

 

(b)    

the settlement ceases to meet the all-employee benefit

 

requirement,

 

(c)    

the settlement ceases to meet the controlling interest

 

requirement,

 

(d)    

the participator fraction exceeds 2/5, or

 

(e)    

the trustees act in a way which the trusts, as required by the

 

all-employee benefit requirement, do not permit.

 

(3)    

No claim for relief under section 236H may be made in respect of the

 

disposal on or after the day on which the disqualifying event (or, if

 

more than one, the first of them) occurs.


 
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