Session 2016-17
Internet Publications
Other Bills before Parliament


 
 

1

 

House of Commons

 
 

Notices of Amendments

 

given up to and including

 

Wednesday 22 June 2016

 

New Amendments handed in are marked thus Parliamentary Star

 

Parliamentary Star - whiteAmendments which will comply with the required notice period at their next appearance

 

Committee of the whole House


 

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withdrawn amendments at the end.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 7 TO 12, SCHEDULE 2, CLAUSES 13 TO 16, SCHEDULE 3, CLAUSES 17 AND 18,

 

NEW CLAUSES AND NEW SCHEDULES RELATING TO EMPLOYMENT INCOME

 

Mr Chancellor of the Exchequer

 

22

 

Clause  7,  page  14,  leave out lines 7 to 10 and insert—

 

““(1A)    

Where this Chapter applies to any living accommodation—

 

(a)    

the living accommodation is a benefit for the purposes of this

 

Chapter (and accordingly it is immaterial whether the terms on

 

which it is provided to any of those persons constitute a fair

 

bargain), and

 

(b)    

sections 102 to 108 provide for the cash equivalent of the benefit

 

of the living accommodation to be treated as earnings.””


 
 

Notices of Amendments: 22 June 2016                     

2

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

23

 

Clause  7,  page  14,  line  10,  at end insert—

 

“( )    

In section 109 (priority of Chapter 5 over Chapter 1), after subsection (3) insert—

 

“(4)    

In a case where the cash equivalent of the benefit of the living

 

accommodation is nil—

 

(a)    

subsections (2) and (3) do not apply, and

 

(b)    

the full amount mentioned in subsection (1)(b) constitutes

 

earnings from the employment for the year under Chapter 1.””

 

Mr Chancellor of the Exchequer

 

24

 

Clause  7,  page  14,  leave out lines 13 to 16 and insert —

 

““(1A)    

Where this Chapter applies to a car or van, the car or van is a benefit for

 

the purposes of this Chapter (and accordingly it is immaterial whether the

 

terms on which it is made available to the employee or member constitute

 

a fair bargain).””

 

Mr Chancellor of the Exchequer

 

25

 

Clause  7,  page  14,  line  35,  at end insert—

 

“( )    

In section 120 (benefit of car treated as earnings)—

 

(a)    

in subsection (2) after “case” insert “(including a case where the cash

 

equivalent of the benefit of the car is nil)”, and

 

(b)    

after subsection (2) insert—

 

“(3)    

Any reference in this Act to a case where the cash equivalent of

 

the benefit of a car is treated as the employee’s earnings for a

 

year by virtue of this section includes a case where the cash

 

equivalent is nil.”

 

( )    

In section 154 (benefit of van treated as earnings)—

 

(a)    

the existing text becomes subsection (1) of that section, and

 

(b)    

after that subsection insert—

 

“(2)    

In such a case (including a case where the cash equivalent of the

 

benefit of the van is nil) the employee is referred to in this

 

Chapter as being chargeable to tax in respect of the van for that

 

year.

 

(3)    

Any reference in this Act to a case where the cash equivalent of

 

the benefit of a van is treated as the employee’s earnings for a

 

year by virtue of this section includes a case where the cash

 

equivalent is nil.””

 

Mr Chancellor of the Exchequer

 

26

 

Clause  7,  page  14,  leave out lines 37 to 39 and insert—

 

““(1A)    

Where this Chapter applies to a loan—

 

(a)    

the loan is a benefit for the purposes of this Chapter (and

 

accordingly it is immaterial whether the terms of the loan

 

constitute a fair bargain), and


 
 

Notices of Amendments: 22 June 2016                     

3

 

Finance Bill, continued

 
 

(b)    

sections 175 to 183 provide for the cash equivalent of the benefit

 

of the loan (where it is a taxable cheap loan) to be treated as

 

earnings in certain circumstances.””

 


 

John McDonnell

 

Seema Malhotra

 

Rob Marris

 

Rebecca Long Bailey

 

Richard Burgon

 

2

 

Clause  10,  page  15,  line  29,  after “omit”, insert “, except in the case of a low

 

emissions vehicle,”

 

John McDonnell

 

Seema Malhotra

 

Rob Marris

 

Rebecca Long Bailey

 

Richard Burgon

 

3

 

Clause  10,  page  15,  line  38,  at end add—

 

“(3)    

For the purposes of this section, a “low emissions vehicle” means any car first

 

registered on or after 1 April 2017 which emits 0.06g or less of nitrous oxides per

 

kilometre.”

 


 

Mr Chancellor of the Exchequer

 

27

 

Clause  14,  page  19,  line  19,  leave out paragraph (a) and insert—

 

“(a)    

in section 51(1)—

 

(i)    

disregard “either” in the opening words, and

 

(ii)    

disregard paragraph (b) (and the preceding or), and”.

 


 

Roger Mullin

 

180

 

Clause  16,  page  24,  line  35,  at end add—

 

“(2)    

The Chancellor of the Exchequer shall undertake a review of the impact of the

 

abandonment by HMRC of its valuation check service for Small and Medium-

 

sized Enterprises, including its associated impact on employee share ownership

 

schemes, and report to Parliament within six months of the passing of this Act.”

 



 
 

Notices of Amendments: 22 June 2016                     

4

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

28

 

Schedule  3,  page  274,  line  20,  leave out “(1) does” and insert “(1)(a) and (b) do”

 


 

John McDonnell

 

Seema Malhotra

 

Rob Marris

 

Rebecca Long Bailey

 

Richard Burgon

 

NC1

 

To move the following Clause—

 

         

“Review of income tax treatment of workers providing services through

 

intermediaries

 

The Chancellor of the Exchequer must conduct a strategic review of the impact

 

on workers defined as providing services through intermediaries of their

 

treatment for income tax purposes, including the differential impact on different

 

types of worker, and must publish the report of the review within six months of

 

the passing of this Act.”

 


 

John McDonnell

 

Seema Malhotra

 

Rob Marris

 

Rebecca Long Bailey

 

Richard Burgon

 

NC3

 

To move the following Clause—

 

         

“Tax treatment of workers employed through intermediaries

 

The Chancellor of the Exchequer must, within six months of the passing of this

 

Act, publish a report on the impact of the current system of employment through

 

intermediaries on the treatment for tax purposes of the employment income of

 

workers employed through an intermediary or umbrella company, including the

 

role of intermediaries and umbrella companies.”

 



 
 

Notices of Amendments: 22 June 2016                     

5

 

Finance Bill, continued

 
 

Seema Malhotra

 

John McDonnell

 

Rob Marris

 

Rebecca Long Bailey

 

Richard Burgon

 

NC10

 

To move the following Clause—

 

         

“Employee share schemes: value for money

 

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

 

Act, publish a report giving HM Treasury’s assessment of the value for money

 

provided by each type of employee share scheme.”

 

 


 

Clauses 132 to 136, new clauses and new Schedules relating to climate

 

change levy

 

Rebecca Long Bailey

 

John McDonnell

 

Seema Malhotra

 

Rob Marris

 

Richard Burgon

 

183

 

Clause  135,  page  189,  line  13,  at end add—

 

“(3)    

The Chancellor of the Exchequer shall conduct a review of the impact of the

 

Climate Change Levy in reducing carbon emissions within 12 months of the

 

passing of this Act.

 

(4)    

The report shall have particular reference to—

 

(a)    

the removal of the exemption for electricity generated from renewable

 

sources;

 

(b)    

the abolition of the Carbon Reduction Commitment; and

 

(c)    

reporting requirements by companies and public sector bodies for energy

 

usage and carbon emissions.”

 


 

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


 
 

Notices of Amendments: 22 June 2016                     

6

 

Finance Bill, continued

 
 

(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).”

 


 

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)”


 
 

Notices of Amendments: 22 June 2016                     

7

 

Finance Bill, continued

 
 

Mr Chancellor of the Exchequer

 

123

 

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

 

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


 
Back to StartNext
 

Revised 22 June 2016