Session 2017-19
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Other Bills before Parliament


 
 

1

 

House of Commons

 
 

Thursday 19 October 2017

 

Public Bill Committee Proceedings

 

Finance Bill


 

(Except Clause 5 and any new Clauses or new Schedules relating to the tax treatment of


 

payments or benefits received in connection with the termination of an employment or a


 

change in the duties in, or earnings from, an employment; Clause 15 and any new Clauses or


 

new Schedules relating to the conditions under which business investment relief in Chapter


 

A1 of Part 14 of the Income Tax Act 2007 is available; Clause 25 and any new Clauses or new


 

Schedules relating to the extent to which trading profits are chargeable to corporation tax at


 

the Northern Ireland rate)


 

[Third and Fourth Sittings]


 

Glossary

 

This document shows the fate of each clause, schedule, amendment and new clause.

 

The following terms are used:

 

Agreed to: agreed without a vote.

 

Agreed to on division: agreed following a vote.

 

Negatived: rejected without a vote.

 

Negatived on division: rejected following a vote.

 

Not called: debated in a group of amendments, but not put to a decision.

 

Not moved: not debated or put to a decision.

 

Question proposed: debate underway but not concluded.

 

Withdrawn after debate: moved and debated but then withdrawn, so not put to a decision.

 

Not selected: not chosen for debate by the Chair.

 

 


 

Clause 20 Agreed to.

 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Not selected  27

 

Schedule  5,  page  352,  leave out from end of line 35 to the beginning of line 21 on page

 

368


 
 

Public Bill Committee Proceedings: 19 October 2017        

2

 

Finance Bill, continued

 
 

Stella Creasy

 

Not selected  3

 

Schedule  5,  page  354,  line  10,  after “subsection (11))”, insert—

 

“(c)    

the company is not a PFI company,”

 

Stella Creasy

 

Not selected  4

 

Schedule  5,  page  361,  line  21,  at end insert “and

 

(c)    

the company is a PFI company,”

 

Stella Creasy

 

Negatived on division  5

 

Schedule  5,  page  364,  line  10,  at end insert—

 

“443A

  Review of effects in relation to PFI companies

 

(1)    

Within three months of the coming into force of this Chapter, the Commissioners

 

for Her Majesty’s Revenue and Customs shall complete a review of the effects of

 

the provisions of this Chapter in relation to PFI companies.

 

(2)    

The review shall consider in particular the effects if the provisions of—

 

(a)    

the Chapter, and

 

(b)    

the exemption in section 439

 

    

were not to apply to PFI companies.

 

(3)    

The Chancellor of the Exchequer shall lay a report of the review under this section

 

before the House of Commons within three months of its completion.”

 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Negatived on division  28

 

Schedule  5,  page  367,  line  46,  at end insert—

 

“448A

  Sectoral reporting on operation of this Chapter

 

(1)    

Within fifteen months of the coming into force of this Chapter, the

 

Commissioners for Her Majesty’s Revenue and Customs shall complete a review

 

about the operation of its provisions in relation to different sectors.

 

(2)    

The sectors covered by this review shall be—

 

(a)    

water and sewerage,

 

(b)    

gas and electricity,

 

(c)    

telecommunications,

 

(d)    

railway facilities,

 

(e)    

roads and other transport facilities,

 

(f)    

health facilities,

 

(g)    

educational facilities,

 

(h)    

facilities or housing accommodation provided for use by any of the

 

armed forces,

 

(i)    

facilities or housing accommodation provided for use by any police

 

force,

 

(j)    

court or prison facilities,

 

(k)    

waste processing facilities,


 
 

Public Bill Committee Proceedings: 19 October 2017        

3

 

Finance Bill, continued

 
 

(l)    

buildings (or parts of buildings) occupied by any relevant public body

 

other than for purposes principally concerned with matters specified in

 

paragraphs (a) to (k).

 

(3)    

A review under this section shall separately identify, in respect of each sector,

 

information on operation in respect of qualifying infrastructure companies

 

undertaking activities that were previously undertaken by a nationalised industry.

 

(4)    

The Chancellor of the Exchequer shall lay a report of the review under this section

 

before the House of Commons within three months of its completion.”

 

Stella Creasy

 

Not called  6

 

Schedule  5,  page  368,  line  13,  at end insert—

 

“a PFI company” means a company which has entered into a contract with

 

a public sector body under the Private Finance Initiative or the PF2

 

initiative.”

 

Schedule Agreed to.

 


 

Clause 21 Agreed to.

 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Not called  29

 

Schedule  6,  page  479,  line  15,  at end insert—

 

“Chapter 7

 

Review and policy statement

 

1218ZFB 

  Review of operation of this Part and policy statement

 

(1)    

No later than 30 September 2020, the Chancellor of the Exchequer shall lay

 

before the House of Commons a report of a review and a policy statement in

 

accordance with the provisions of this section.

 

(2)    

The review shall consider—

 

(a)    

the number of touring exhibitions benefiting from the relief,

 

(b)    

the number of other exhibitions benefiting from the relief,

 

(c)    

an assessment of the operation of the provisions.

 

(3)    

The policy statement shall set our proposals for the continuation, discontinuation

 

or modification of the relief from 2022 onwards.”

 

Schedule Agreed to.

 



 
 

Public Bill Committee Proceedings: 19 October 2017        

4

 

Finance Bill, continued

 
 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Withdrawn after debate  30

 

Clause  22,  page  27,  line  25,  at end insert—

 

“217E

  Review of operation of this Part

 

(1)    

Within fifteen months of the coming into force of this Part, the Commissioners

 

for Her Majesty’s Revenue and Customs shall complete a review about the

 

operation its provisions (including in relation to different eligible sports).

 

(2)    

The review shall, so far as practical, identify the extent to which the provisions

 

have benefitted particular eligible sports.

 

(3)    

The Chancellor of the Exchequer shall lay a report of the review under this section

 

before the House of Commons within three months of its completion.”

 

Clause Agreed to.

 


 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Withdrawn after debate  31

 

Clause  23,  page  32,  line  45,  at end insert—

 

“357GCZG 

  Review of changes to provisions for cost-sharing arrangements

 

(1)    

Within fifteen months of the passing of the Finance (No. 2) Act 2017, the

 

Commissioners for Her Majesty’s Revenue and Customs shall complete a review

 

about the effects of the changes to cost-sharing arrangements.

 

(2)    

In this section, “the changes to cost-sharing arrangements” means the changes to

 

this Part of this Act made by section 23 of the Finance (No. 2) Act 2017.

 

(3)    

The Chancellor of the Exchequer shall lay a report of the review under this section

 

before the House of Commons within three months of its completion.”

 

Clause Agreed to.

 

Clause 24 Agreed to.

 

Schedule 7 Agreed to.

 

Clause 26 Agreed to.

 

Clause 27 Agreed to.

 


 

Mel Stride

 

Agreed to  1

 

Clause  28,  page  38,  line  5,  leave out from “applies” to “in” in line 6


 
 

Public Bill Committee Proceedings: 19 October 2017        

5

 

Finance Bill, continued

 
 

Mel Stride

 

Agreed to  2

 

Clause  28,  page  38,  line  10,  leave out “paragraph 7” and insert “this Schedule”

 

Clause, as amended, Agreed to.

 


 

Clause 29 Agreed to.

 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Not selected  24

 

Schedule  8,  page  501,  line  25,  leave out paragraphs 18 to 40

 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Not selected  25

 

Schedule  8,  page  501,  line  28,  line 28, leave out “D” and insert “E”

 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Not selected  26

 

Schedule  8,  page  502,  line  14,  at end insert—

 

“(8A)    

Condition E is that the settlor registers the source of the property or income on a

 

public register in a manner prescribed by regulations.

 

(8B)    

The Treasury shall by regulations prescribe the manner for public registration of

 

the source of property or income for the purposes of subsection (8A).

 

(8C)    

A statutory instrument containing regulations under subsection (8B) may not be

 

made unless a draft of it has been laid before, and approved by a resolution of, the

 

House of Commons.”

 

Schedule Agreed to.

 

Clauses 30 and 31 Agreed to.

 

Schedule 9 Agreed to.

 

Clauses 32 and 33 Agreed to.

 

Schedule 10 Agreed to.

 

Clause 34 Agreed to.

 

Schedule 11 Agreed to.

 

Clause 35 Agreed to.

 

Schedule 12 Agreed to.


 
 

Public Bill Committee Proceedings: 19 October 2017        

6

 

Finance Bill, continued

 
 

Clauses 36 to 39 Agreed to.

 


 

Peter Dowd

 

Anneliese Dodds

 

Jeff Smith

 

Withdrawn after debate  32

 

Clause  40,  page  58,  line  31,  at end insert—

 

“262AG 

  Review of operation of co-ownership authorised contractual schemes

 

(1)    

Within fifteen months of the passing of the Finance (No. 2) Act 2017, the

 

Commissioners for Her Majesty’s Revenue and Customs shall complete a review

 

of the operation of the new provisions for co-ownership authorised contractual

 

schemes.

 

(2)    

The review shall, in particular, consider the operation of these provisions in

 

relation to master funds.

 

(3)    

In this section, “the new provisions for co-ownership authorised contractual

 

schemes” means—

 

(a)    

sections 262AA to 262AF of this Act, and

 

(b)    

regulations made under sections 41 and 42 of the Finance (No. 2) Act

 

2017.

 

(4)    

The Chancellor of the Exchequer shall lay a report of the review under this section

 

before the House of Commons within three months of its completion.”

 

Clause Agreed to.

 

Clauses 41 and 42 Agreed to.

 


 

[Adjourned until Tuesday 24 October at 9.25am


 

 

Revised 19 October 2017