Session 2016-17
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Other Bills before Parliament


 
 

1

 

House of Commons

 
 

Tuesday 28 June 2016

 

Committee of the whole House

 

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


 

(Clauses 7 to 18 and Schedules 2 and 3; Clauses 41 and 42; Clauses 43 and 44; Clauses 65 to


 

71; Clauses 72 to 81 and Schedules 11 to 14; Clause 129; Clauses 132 to 136; Clauses 144 to


 

154 and Schedules 18 to 22; any new Clauses or new Schedules relating to employment


 

income, the subject matter of Clauses 41 to 44 and 65 to 71, capital gains tax, insurance


 

premium tax, climate change levy, and tax avoidance and evasion)


 

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withdrawn amendments at the end.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 Order of the House [11 April 2016].

 


 

Clauses 144 to 147, Schedule 18, Clauses 148 and 149, Schedule 19, Clause 150,

 

Schedule 20, Clause 151, Schedule 21, Clauses 152 and 153, Schedule 22,

 

Clause 154, new clauses and new Schedules relating to tax avoidance and

 

evasion

 

Mr Chancellor of the Exchequer

 

114

 

Clause  144,  page  194,  leave out lines 12 to 15 and insert—

 

“( )    

notifies the person of the person’s rights of appeal with respect to the

 

notified adjustments (when made) and contains a statement that if an

 

appeal is made against the making of the adjustments—

 

(i)    

no steps may be taken in relation to the appeal unless and until

 

the person is given a notice referred to in section 209F(2), and

 

(ii)    

the notified adjustments will be cancelled if HMRC fails to take

 

at least one of the actions mentioned in section 209B(4) within

 

the period specified in section 209B(2).”

 



 
 

Committee of the whole House: 28 June 2016              

2

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

115

 

Clause  145,  page  198,  line  8,  leave out “Condition 1 or 2” and insert “the condition

 

in sub-paragraph (2)”

 

Mr Chancellor of the Exchequer

 

116

 

Clause  145,  page  198,  line  9,  leave out “Condition 1” and insert “The condition”

 

Mr Chancellor of the Exchequer

 

117

 

Clause  145,  page  198,  line  10,  at end insert “but no notice under paragraph 12 of

 

Schedule 43 or paragraph 9 of Schedule 43B has yet been given in respect of the matter.”

 

Mr Chancellor of the Exchequer

 

118

 

Clause  145,  page  198,  leave out lines 11 and 12

 

Mr Chancellor of the Exchequer

 

119

 

Clause  145,  page  198,  line  20,  leave out from first “notice” to end of line 21 and

 

insert “(a “pooling notice”) which places R’s arrangements in a pool with the lead

 

arrangements.”

 

Mr Chancellor of the Exchequer

 

120

 

Clause  145,  page  198,  line  21,  at end insert—

 

    “( )  

There is one pool for any lead arrangements, so all tax arrangements placed in

 

a pool with the lead arrangements (as well as the lead arrangements

 

themselves) are in one and the same pool.

 

      ( )  

Tax arrangements which have been placed in a pool do not cease to be in the

 

pool except where that is expressly provided for by this Schedule (regardless

 

of whether or not the lead arrangements or any other tax arrangements remain

 

in the pool).”

 

Mr Chancellor of the Exchequer

 

121

 

Clause  145,  page  198,  line  22,  leave out “notice of binding” and insert “pooling

 

notice”

 

Mr Chancellor of the Exchequer

 

122

 

Clause  145,  page  198,  line  23,  leave out “(which has not been withdrawn)”

 

Mr Chancellor of the Exchequer

 

123

 

Clause  145,  page  198,  line  25,  leave out from “43” to end of line 26


 
 

Committee of the whole House: 28 June 2016              

3

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

124

 

Clause  145,  page  198,  line  26,  at end insert—

 

“Notice of proposal to bind arrangements to counteracted arrangements

 

1A  (1)  

This paragraph applies where a counteraction notice has been given to a person

 

in relation to any tax arrangements (the “counteracted arrangements”) which

 

are in a pool created under paragraph 1.

 

      (2)  

If a designated HMRC officer considers—

 

(a)    

that a tax advantage has arisen to another person (“R”) from tax

 

arrangements that are abusive,

 

(b)    

that those tax arrangements (“R’s arrangements”) are equivalent to the

 

counteracted arrangements, and

 

(c)    

that the advantage ought to be counteracted under section 209,

 

            

the officer may give R a notice (a “notice of binding”) in relation to R’s

 

arrangements.

 

      (3)  

The officer may not give R a notice of binding if R has been given in respect

 

of R’s arrangements a notice under—

 

(a)    

paragraph 1, or

 

(b)    

paragraph 3 of Schedule 43.

 

      (4)  

In this paragraph “counteraction notice” means a notice such as is mentioned

 

in sub-paragraph (2) of paragraph 12 of Schedule 43 or sub-paragraph (3) of

 

paragraph 9 of Schedule 43B (notice of final decision to counteract).

 

1B"      

 

Mr Chancellor of the Exchequer

 

125

 

Clause  145,  page  198,  line  27,  after “a” insert “pooling notice or”

 

Mr Chancellor of the Exchequer

 

126

 

Clause  145,  page  198,  line  30,  after “A” insert “pooling notice or”

 

Mr Chancellor of the Exchequer

 

127

 

Clause  145,  page  198,  line  34,  after “arrangements” insert “or the counteracted

 

arrangements (as the case may be)”

 

Mr Chancellor of the Exchequer

 

128

 

Clause  145,  page  199,  line  1,  after “A” insert “pooling notice or”

 

Mr Chancellor of the Exchequer

 

129

 

Clause  145,  page  199,  leave out lines 4 to 10

 

Mr Chancellor of the Exchequer

 

130

 

Clause  145,  page  199,  line  12,  after “a” insert “pooling notice or”


 
 

Committee of the whole House: 28 June 2016              

4

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

131

 

Clause  145,  page  199,  line  16,  after “6” insert “and Schedule 43B (generic referral

 

of tax arrangements)”

 

Mr Chancellor of the Exchequer

 

132

 

Clause  145,  page  199,  line  17,  leave out “of binding” and insert “in question (and

 

accordingly the tax arrangements in question are no longer in the pool)”

 

Mr Chancellor of the Exchequer

 

133

 

Clause  145,  page  199,  line  23,  leave out “notice under paragraph 1” and insert

 

“pooling notice or notice of binding”

 

Mr Chancellor of the Exchequer

 

134

 

Clause  145,  page  199,  line  26,  leave out “notice under paragraph 1” and insert

 

“pooling notice or notice of binding”

 

Mr Chancellor of the Exchequer

 

135

 

Clause  145,  page  199,  line  34,  at end insert—

 

    “( )  

Where a person takes the first step described in sub-paragraph (3)(b), HMRC

 

may proceed as if the person had not taken the relevant corrective action if the

 

person fails to enter into the written agreement.”

 

Mr Chancellor of the Exchequer

 

136

 

Clause  145,  page  200,  line  6,  at end insert—

 

“Corrective action by lead taxpayer

 

2A         

If the person mentioned in paragraph 1(1) takes the relevant corrective action

 

(as defined in paragraph 4A of Schedule 43) before the end of the period of 75

 

days beginning with the day on which the notice mentioned in paragraph 1(1)

 

was given to that person, the lead arrangements are treated as ceasing to be in

 

the pool.”

 

Mr Chancellor of the Exchequer

 

137

 

Clause  145,  page  200,  line  9,  leave out “notice of binding” and insert “pooling

 

notice”

 

Mr Chancellor of the Exchequer

 

138

 

Clause  145,  page  200,  line  10,  leave out from first “arrangements” to “and” in line

 

11

 

Mr Chancellor of the Exchequer

 

139

 

Clause  145,  page  200,  line  13,  leave out from “about” to “is” in line 14 and insert

 

“another set of tax arrangements in the pool (“the referred arrangements”)”


 
 

Committee of the whole House: 28 June 2016              

5

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

140

 

Clause  145,  page  200,  line  16,  leave out “bound” and insert “pooled”

 

Mr Chancellor of the Exchequer

 

141

 

Clause  145,  page  200,  line  17,  at end insert—

 

    “( )  

No more than one pooled arrangements opinion notice may be given to a

 

person in respect of the same tax arrangements.”

 

Mr Chancellor of the Exchequer

 

142

 

Clause  145,  page  200,  line  19,  leave out “by virtue of Condition 2 in paragraph 1”

 

Mr Chancellor of the Exchequer

 

143

 

Clause  145,  page  200,  line  21,  leave out “notice of binding” and insert “pooling

 

notice”

 

Mr Chancellor of the Exchequer

 

144

 

Clause  145,  page  200,  line  22,  leave out “bound” and insert “pooled”

 

Mr Chancellor of the Exchequer

 

145

 

Clause  145,  page  200,  line  25,  leave out “lead” and insert “referred”

 

Mr Chancellor of the Exchequer

 

146

 

Clause  145,  page  200,  line  29,  at end insert—

 

    “( )  

In relation to a person who is given a notice of binding “bound arrangements

 

opinion notice” means a written notice which—

 

(a)    

sets out a report prepared by HMRC of any opinion of the GAAR

 

Advisory Panel about the counteracted arrangements (see paragraph

 

1A(1)),

 

(b)    

explains the person’s right to make representations falling within sub-

 

paragraph (2), and

 

(c)    

sets out the period in which those representations may be made.”

 

Mr Chancellor of the Exchequer

 

147

 

Clause  145,  page  200,  line  30,  after “given” and insert “a pooled arrangements

 

opinion notice or”

 

Mr Chancellor of the Exchequer

 

148

 

Clause  145,  page  200,  leave out lines 35 to 38


 
 

Committee of the whole House: 28 June 2016              

6

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

149

 

Clause  145,  page  200,  line  40,  leave out “the lead arrangements” and insert—

 

“(i)    

the referred arrangements (in the case of a pooled

 

arrangements opinion notice), or

 

(ii)    

the counteracted arrangements (in the case of a bound

 

arrangements opinion notice).”

 

Mr Chancellor of the Exchequer

 

150

 

Clause  145,  page  201,  line  3,  leave out from beginning to “paragraph” in line 4 and

 

insert “any tax arrangements have been placed in a pool by a notice given to a person

 

under”

 

Mr Chancellor of the Exchequer

 

151

 

Clause  145,  page  201,  line  7,  leave out “the lead arrangements” and insert “any

 

other arrangements in the pool (the “referred arrangements”)”

 

Mr Chancellor of the Exchequer

 

152

 

Clause  145,  page  201,  line  10,  leave out “lead” and insert “referred”

 

Mr Chancellor of the Exchequer

 

153

 

Clause  145,  page  201,  line  17,  leave out “by virtue of Condition 2 in paragraph 1”

 

and insert “under paragraph 1A”

 

Mr Chancellor of the Exchequer

 

154

 

Clause  145,  page  201,  line  22,  leave out “lead” and insert “counteracted”

 

Mr Chancellor of the Exchequer

 

155

 

Clause  145,  page  202,  line  25,  leave out from “applies” to end of line 38 and insert

 

“if—

 

(a)    

pooling notices given under paragraph 1 of Schedule 43A have placed

 

one or more sets of tax arrangements in a pool with the lead

 

arrangements,

 

(b)    

the lead arrangements (see paragraph 1(1) of Schedule 43A) have

 

ceased to be in the pool, and

 

(c)    

no referral under paragraph 5 or 6 of Schedule 43 has been made in

 

respect of any arrangements in the pool.

 

      (2)  

A designated HMRC officer may determine that, in respect of each of the tax

 

arrangements that are in the pool, there is to be given (to the person to whom

 

the pooling notice in question was given) a written notice of a proposal to make

 

a generic referral to the GAAR Advisory Panel in respect of the arrangements

 

in the pool.

 

      (3)  

Only one determination under sub-paragraph (2) may be made in relation to

 

any one pool.

 

    (3A)  

The persons to whom those notices are given are “the notified taxpayers”.”


 
 

Committee of the whole House: 28 June 2016              

7

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

156

 

Clause  145,  page  203,  leave out lines 1 to 4

 

Mr Chancellor of the Exchequer

 

157

 

Clause  145,  page  203,  line  6,  leave out “representations, and” and insert “a

 

proposal.”

 

Mr Chancellor of the Exchequer

 

158

 

Clause  145,  page  203,  leave out lines 7 to 16

 

Mr Chancellor of the Exchequer

 

159

 

Clause  145,  page  203,  line  18,  leave out from “given” to end of line 20 and insert

 

“to propose to HMRC that it—

 

(a)    

should give T a notice under paragraph 3 of Schedule 43 in respect of

 

the arrangements to which the notice under paragraph 1 relates, and

 

(b)    

should not proceed with the proposal to make a generic referral to the

 

GAAR Advisory Panel in respect of those arrangements.”

 

Mr Chancellor of the Exchequer

 

160

 

Clause  145,  page  203,  leave out lines 21 to 25

 

Mr Chancellor of the Exchequer

 

161

 

Clause  145,  page  203,  line  26,  leave out “representations are made in accordance

 

with sub-paragraph (2)” and insert “a proposal is made in accordance with sub-paragraph

 

(1)”

 

Mr Chancellor of the Exchequer

 

162

 

Clause  145,  page  203,  line  27,  leave out “them” and insert “it”

 

Mr Chancellor of the Exchequer

 

163

 

Clause  145,  page  203,  line  28,  leave out from beginning to end of line 22 on page

 

204

 

Mr Chancellor of the Exchequer

 

164

 

Clause  145,  page  204,  line  26,  leave out “given a notice” and insert “made a

 

proposal”

 

Mr Chancellor of the Exchequer

 

165

 

Clause  145,  page  204,  line  31,  leave out “gives a notice” and insert “makes a

 

proposal”


 
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Revised 28 June 2016