1

House of Commons

Thursday 17 September 2015

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 16, 17, 43 and 45; Schedules 2 and 3; any new clauses and

new Schedules, relating to the subject matter of those clauses or Schedules)

Note

This document includes all amendments tabled to date and includes any

withdrawn amendments at the end. The amendments have been arranged in

accordance with the Resolution of the Programming Sub-Committee.

Resolution of the Programming Sub-Committee

The Programming Sub-Committee appointed by the Speaker in respect of the Bill

agreed the following Resolution at its meeting on Wednesday 16 September 2015

(Standing Order No. 83C):

That—

(1)  

the Committee shall (in addition to its first meeting at 11.30 am on Thursday

17 September) meet—

(a)  

at 2.00 pm on Thursday 17 September;

(b)  

at 9.25 am and 2.00 pm on Tuesday 13 October;

(c)  

at 11.30 am and 2.00 pm on Thursday 15 October;

(d)  

at 9.25 am and 2.00 pm on Tuesday 20 October;

(2)  

the proceedings shall be taken in the following order: Clauses 1 to 11;

Schedule 1; Clauses 12 to 15; Clauses 18 to 23; Schedule 4; Clauses 24 and

25; Schedule 5; Clause 26; Schedule 6; Clauses 27 to 31; Clause 33; Schedule

7; Clause 32; Clauses 34 to 42; Clause 44; Clauses 46 and 47; Schedule 8;

Clauses 48 to 50; new Clauses other than those relating to the subject matter

of Clauses 16 and 17 and Schedules 2 and 3 or the subject matter of Clause

43 or the subject matter of Clause 45; new Schedules other than those relating

to the subject matter of Clauses 16 and 17 and Schedules 2 and 3 or the

subject matter of Clause 43 or the subject matter of Clause 45; remaining

proceedings on the Bill.

Public Bill Committee: 17 September 2015                

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Finance Bill, continued

(3)  

the proceedings shall (so far as not previously concluded) be brought to a

conclusion at 5.00 pm on Tuesday 20 October.

Mr David Gauke has given notice of his intention to move a motion in the terms of the

Resolution of the Programming Sub-Committee (Standing Order No. 83C).

Mr David Gauke

That, subject to the discretion of the Chair, any written evidence received by the

Committee shall be reported to the House for publication.

Mr David Gauke

1

Clause  9,  page  9,  line  11,  leave out from “if” to “to” in line 14 and insert “—

(a)    

the property becomes comprised in a settlement on D’s death, or

(b)    

immediately before D’s death, the property was settled property in which

D was beneficially entitled to an interest in possession.

(3A)    

Where the property becomes comprised in a settlement on D’s death, B inherits

the property if—

(a)    

B becomes beneficially entitled on D’s death”

Mr David Gauke

2

Clause  9,  page  9,  line  18,  leave out “under the disposition the property becomes”

and insert “the property becomes, on D’s death,”

Mr David Gauke

3

Clause  9,  page  9,  line  20,  at end insert—

“(3B)    

Where, immediately before D’s death, the property was settled property in which

D was beneficially entitled to in an interest in possession, B inherits the property

if B becomes beneficially entitled to it on D’s death.”

Mr David Gauke

4

Clause  9,  page  9,  line  27,  leave out “a person’s death,” and insert “the death of a

person (“D”),”

Mr David Gauke

5

Clause  9,  page  9,  line  29,  leave out “a lineal descendant of the person” and insert

“—

(a)    

a lineal descendant of D,

(b)    

a person who, at the time of D’s death, is the spouse or civil partner of a

lineal descendant of D, or

Public Bill Committee: 17 September 2015                

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Finance Bill, continued

(c)    

a person who—

(i)    

at the time of the death of a lineal descendant of D who died no

later than D, was the spouse or civil partner of the lineal

descendant, and

(ii)    

has not, in the period beginning with the lineal descendant’s

death and ending with D’s death, become anyone’s spouse or

civil partner.”

Mr David Gauke

6

Clause  9,  page  10,  line  44,  after first “parent” insert “(however styled)”

John McDonnell

Seema Malhotra

Barbara Keeley

Alison McGovern

7

Clause  9,  page  13,  line  26,  at end add—

“(5)    

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

Act, undertake a review of the impact of the introduction of the new nil-rate band

for inheritance tax and lay a report of the review before both Houses of

Parliament.

(6)    

The review must pay particular attention to the impact of the introduction of the

new nil-rate band on:

(a)    

different regions of the UK; and

(b)    

house prices.”

NEW CLAUSES

Roger Mullin

George Kerevan

Alison Thewliss

Michelle Thomson

NC1

To move the following Clause—

“VAT treatment of the Scottish Police Authority and the Scottish Fire and

Rescue Service

(1)    

The Treasury shall, within six months of the passing of this Act, publish and lay

before the House of Commons a report on the VAT treatment of the Scottish

Police Authority and the Scottish Fire and Rescue Service.

(2)    

The report must include (but need not be limited to) an analysis of the impact on

the financial position of Police Scotland and by the Scottish Fire and Rescue

Service arising from their VAT treatment and an estimate of the change to their

financial position were they eligible for a refund of VAT under section 33 of the

VAT Act 1994.”

Public Bill Committee: 17 September 2015                

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Finance Bill, continued

Roger Mullin

George Kerevan

Alison Thewliss

Michelle Thomson

NC2

To move the following Clause—

“Tax treatment of private equity fund managers’ pay

(1)    

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 proposals

for amending the law to ensure that no element of the remuneration paid to an

investment fund manager may be treated as a capital gain, and that such

remuneration shall be treated for tax purposes wholly as income.

(2)    

For the purposes of this section, an “investment fund manager” is a person who

performs investment management services directly or indirectly.”

Roger Mullin

George Kerevan

Alison Thewliss

Michelle Thomson

NC3

To move the following Clause—

“VAT on sanitary protection products

(1)    

The Treasury must, within 12 months of the passing of this Act, lay before the

House of Commons a report setting out the impact of exempting women’s

sanitary protection products from value added tax.

(2)    

The report must include (but need not be limited to)—

(a)    

an estimate of the impact on VAT revenue of exempting women’s

sanitary protection products; and

(b)    

an assessment of the impact on the purchase of women’s sanitary

protection products of exempting them from VAT, with particular

reference to purchasing by women aged under 25.”

John McDonnell

Seema Malhotra

Barbara Keeley

Alison McGovern

NC4

To move the following Clause—

“Consultation on reforms to the system of tax reliefs for businesses

(1)    

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

Act, initiate a public consultation on potential reforms of the system of tax reliefs

for businesses which would encourage long term investment and growth in the

UK; and the Chancellor shall lay a report of the consultation before both Houses

of Parliament by the end of September 2016.

Public Bill Committee: 17 September 2015                

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Finance Bill, continued

(2)    

The consultation under subsection (1) must address (though need not be limited

to) the following issues:

(a)    

how reforms to the system of tax reliefs could benefit small businesses in

particular;

(b)    

how such reforms could provide greater long-term certainty about

business taxation;

(c)    

the impact of such reforms on Exchequer revenue; and

(d)    

the wider societal impacts of such reforms.”

Order of the House [21 July 2015]

That the following provisions shall apply to the Finance Bill:

Committal

1.    

The following shall be committed to a Committee of the whole House—

(a)    

clauses 16, 17, 43 and 45;

(b)    

Schedules 2 and 3;

(c)    

any new clauses, and any new Schedules, relating to the subject

matter of those clauses or Schedules.

2.    

The remainder of the Bill shall be committed to a Public Bill Committee.

Proceedings in committee

3.    

Proceedings in Committee of the whole House shall be completed at one

day’s sitting.

4.    

Those proceedings shall be taken in the order shown in the first column of the

following Table.

5.    

Each part of the proceedings shall (so far as not previously concluded) be

brought to a conclusion at the time specified in relation to it in the second

column of the Table.

          TABLE

6.    

Proceedings in the Public Bill Committee shall (so far as not previously

concluded) be brought to a conclusion on Tuesday 20 October 2015.

7.    

The Public Bill Committee shall have leave to sit twice on the first day on

which it meets.

8.    

When the provisions of the Bill considered, respectively, by the Committee

of the whole House and by the Public Bill Committee have been reported to

Public Bill Committee: 17 September 2015                

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Finance Bill, continued

the House, the Bill shall be proceeded with as if it had been reported as a

whole to the House from the Public Bill Committee.

Consideration and Third Reading

9.    

Proceedings on Consideration and on Third Reading shall be completed at

one day’s sitting.

10.    

Proceedings on Consideration shall (so far as not previously concluded) be

brought to a conclusion one hour before the moment of interruption on the

day on which those proceedings are commenced.

11.    

Proceedings on Third Reading shall (so far as not previously concluded) be

brought to a conclusion at the moment of interruption on that day.

Programming committee

12.    

Standing Order No. 83B (Programming committees) shall not apply to

proceedings in Committee of the whole House or to proceedings on

Consideration or Third Reading.