Session 2017-19
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1

 

SUPPLEMENT TO THE VOTES AND PROCEEDINGS

 
 

Monday 18 December 2017

 

Committee of the whole House

 

Proceedings

 

Finance (No. 2) Bill


 

(Clause 8; Clause 33 and Schedule 9; Clauses 40 and 41 and Schedule 11; New Clauses or new


 

Schedules relating to the income tax treatment of armed forces’ accommodation allowances,


 

the bank levy, stamp duty land tax, the effect of the Bill on equality, or the effect of the Bill on


 

tax avoidance or evasion)


 

[First Day]


 

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Withdrawn after debate: moved and debated but then withdrawn, so not put to a decision.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 33, SCHEDULE 9, NEW CLAUSES AND NEW SCHEDULES RELATING TO THE

 

BANK LEVY

 

Clause 33 Agreed to.

 



 
 

Committee of the whole House Proceedings: 18 December 2017  

2

 

Finance (No. 2) Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not called  1

 

Schedule  9,  page  132,  line  32,  leave out from “in” to end of line 33 and insert

 

“accordance with the provisions of section (bank levy: Part 1 of Schedule 9: pre-

 

commencement requirements)”.

 

Schedule Agreed to on division.

 


 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Negatived on division  NC1

 

To move the following Clause—

 

         

“Review of operation and effectiveness of bank levy

 

(1)    

Schedule 19 to FA 2011 (bank levy) is amended as follows.

 

(2)    

After paragraph 81, insert—

 

“Part 10

 

Review

 

82  (1)  

Within six months of the passing of the Finance Act 2018, the

 

Chancellor of the Exchequer shall undertake a review of the operation

 

and effectiveness of the bank levy.

 

      (2)  

The review shall consider in particular—

 

(a)    

the effectiveness of the levy in reflecting risks to the financial

 

system and the wider UK economy arising from the banking

 

sector,

 

(b)    

the effectiveness of the levy in encouraging banks to move

 

away from riskier funding models,

 

(c)    

the revenue effects of the changes to the levy made in

 

Schedule 2 to the Finance (No. 2) Act 2015,

 

(d)    

the effectiveness of the anti-avoidance provisions in

 

paragraphs 47 and 48 of this Schedule.

 

      (3)  

A review shall also compare the effects of the bank levy with those of

 

the bank payroll tax (within the meaning given by Schedule 2 to the

 

Finance Act 2010) in relation to—

 

(a)    

revenue, and

 

(b)    

the matters specified in sub-paragraph (2)(a) and (b).


 
 

Committee of the whole House Proceedings: 18 December 2017  

3

 

Finance (No. 2) Bill, continued

 
 

      (4)  

A report of the review under this paragraph shall be laid before the

 

House of Commons within one calendar month of its completion.””

 


 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not called  NC2

 

To move the following Clause—

 

         

“Public register of entities paying the bank levy and payments made

 

(1)    

Schedule 19 to FA 2011 (bank levy) is amended as follows.

 

(2)    

After paragraph 81, insert—

 

“Part 11

 

Public register of payments

 

83  (1)  

It shall be the duty of the Commissioners for Her Majesty’s Revenue

 

and Customs to maintain a public register of groups paying the bank

 

levy and the amounts paid.

 

      (2)  

In relation to each group, the register shall state whether it is—

 

(a)    

a UK banking group,

 

(b)    

a building society group,

 

(c)    

a foreign banking group, or

 

(d)    

a relevant non-banking group.

 

      (3)  

In relation to each group, the register shall state the amount paid in

 

respect of each chargeable period.

 

      (4)  

In relation to chargeable periods ending between 28 February 2011

 

and 31 December 2017, the Commissioners must public the register no

 

later than 31 October 2018.

 

      (5)  

In respect of subsequent chargeable periods, the Commissioners must

 

public the updated register no later than ten months after the end of the

 

chargeable period.””

 



 
 

Committee of the whole House Proceedings: 18 December 2017  

4

 

Finance (No. 2) Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not called  NC3

 

To move the following Clause—

 

         

“Bank levy: Part 1 of Schedule 9: pre-commencement requirements

 

(1)    

Part 1 of Schedule 9 shall come into force in accordance with the provisions of

 

this section.

 

(2)    

No later than 31 October 2020, the Chancellor of the Exchequer shall lay before

 

the House of Commons an account of the effects of the proposed changes in Part

 

1 of Schedule 9—

 

(a)    

on the public revenue,

 

(b)    

in reflecting risks to the financial system and the wider UK economy

 

arising from the banking sector, and

 

(c)    

in encouraging banks to move away from riskier funding models.

 

(3)    

Part 1 of Schedule 9 shall have effect in relation to chargeable periods ending on

 

or after 1 January 2021 if, no earlier than 30 November 2020, the House of

 

Commons comes to a resolution to that effect.”

 


 

Stella Creasy

 

Alison McGovern

 

Ann Coffey

 

Mike Gapes

 

Mr Adrian Bailey

 

Jess Phillips

Lucy Powell

Mr David Lammy

Gareth Thomas

Caroline Flint

Liz Saville Roberts

Ben Lake

Hywel Williams

Dame Margaret Hodge

Thelma Walker

Chris Stephens

Gareth Snell

Jo Swinson

Preet Kaur Gill

Lisa Nandy

Ruth Cadbury

 

Not selected  NC9

 

To move the following Clause—

 

         

“Review of possible extension of bank levy to PFI finance groups

 

(1)    

Schedule 19 to FA 2011 (bank levy) is amended as follows.

 

(2)    

After paragraph 81, insert—

 

“Part 10

 

Review of possible extension of levy

 

82  (1)  

Within six months of the passing of the Finance Act 2018, the

 

Chancellor of the Exchequer shall undertake a review of the effects of

 

an extension of the levy to PFI finance groups.


 
 

Committee of the whole House Proceedings: 18 December 2017  

5

 

Finance (No. 2) Bill, continued

 
 

      (2)  

The review shall consider in particular—

 

(a)    

the number of PFI finance groups that are not groups within

 

paragraph 4(2) of this Schedule,

 

(b)    

the likely revenue effects of such an extension, and

 

(c)    

the likely effects of such an extension on the future financing

 

of PFI and PF2.

 

      (3)  

A report of the review under this paragraph shall be laid before the

 

House of Commons within one calendar month of its completion.

 

      (4)  

In this section—

 

“a PFI finance group” means a group which—

 

(a)    

includes a company which has entered into a contract

 

with a public sector body under the Private Finance

 

Initiative or the PF2 initiative; and

 

(b)    

is an investment entity within the meaning given by

 

paragraph 12(9).””

 


 

Kirsty Blackman

 

Ian Blackford

 

Alison Thewliss

 

Stewart Hosie

 

David Linden

 

Patrick Grady

Hannah Bardell

Joanna Cherry

Angela Crawley

Stephen Gethins

Neil Gray

Pete Wishart

Dr Lisa Cameron

John McNally

Gavin Newlands

Drew Hendry

Dr Philippa Whitford

Stewart Malcolm McDonald

Stuart C. McDonald

Chris Stephens

Alan Brown

Tommy Sheppard

Martyn Day

Brendan O’Hara

Deidre Brock

Marion Fellows

Douglas Chapman

Ronnie Cowan

Chris Law

Angus Brendan MacNeil

Martin Docherty-Hughes

Mhairi Black

Peter Grant

Patricia Gibson

Carol Monaghan

 

Not called  NC11

 

To move the following Clause—

 

         

“Review of effects of bank levy on inclusive growth and equality

 

(1)    

Schedule 19 to FA 2011 (bank levy) is amended as follows.

 

(2)    

After paragraph 81, insert—

 

“Part 10

 

Review on inclusive growth and equality

 

82  (1)  

Within six months of the passing of the Finance Act 2018, the

 

Chancellor of the Exchequer shall undertake a review of the bank levy.

 

      (2)  

The review shall consider in particular—

 

(a)    

the effects of the levy on inclusive growth,

 

(b)    

the impact of the levy on equality.


 
 

Committee of the whole House Proceedings: 18 December 2017  

6

 

Finance (No. 2) Bill, continued

 
 

      (3)  

A report of the review under this paragraph shall be laid before the

 

House of Commons within one calendar month of its completion.””

 

 


 

CLAUSE 40, SCHEDULE 11, CLAUSE 41, CLAUSE 8; NEW CLAUSES AND SCHEDULES

 

RELATING TO STAMP DUTY LAND TAX; NEW CLAUSES AND SCHEDULES RELATING TO

 

THE INCOME TAX TREATMENT OF ARMED FORCES’ ACCOMMODATION ALLOWANCES

 

CLAUSE 40, SCHEDULE 11, CLAUSE 41, CLAUSE 8

 

Clause 40 Agreed to.

 


 

Schedule 11 Agreed to.

 


 

Clause 41 Agreed to.

 


 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

Nia Griffith

 

Not called  2

 

Clause  8,  page  4,  line  16,  at end insert—

 

“(4A)    

Regulations under this section may not increase any person’s liability to income

 

tax.”

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

Nia Griffith

 

Not called  3

 

Clause  8,  page  4,  line  17,  leave out from “section” to “may” in line 18.


 
 

Committee of the whole House Proceedings: 18 December 2017  

7

 

Finance (No. 2) Bill, continued

 
 

Clause Agreed to.

 


 

NEW CLAUSES AND SCHEDULES RELATING TO STAMP DUTY LAND TAX

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Negatived on division  NC4

 

To move the following Clause—

 

         

“Review of relief for first-time buyers

 

(1)    

The Commissioners of Her Majesty’s Revenue and Customs shall undertake a

 

review of the impact of the relief for first-time buyers introduced in Schedule

 

6ZA to FA 2003.

 

(2)    

The review shall consider, in particular, the effects of the relief on—

 

(a)    

the public revenue,

 

(b)    

house prices, and

 

(c)    

the supply of housing.

 

(3)    

The Chancellor of the Exchequer must lay a copy of a report of the review under

 

this section before the House of Commons no later than one calendar week prior

 

to the date which he has set for his Autumn 2018 Budget Statement.”

 


 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

Not called  NC10

 

To move the following Clause—

 

         

“Annual report on relief for first-time buyers

 

(1)    

The Chancellor of the Exchequer must prepare and lay before the House of

 

Commons a report for each relevant period on the operation of the relief for first-

 

time buyers introduced in Schedule 6ZA to FA 2003 not less than three months

 

after the end of the relevant period.

 

(2)    

The report shall include, in particular, information in respect of the relevant

 

period on—

 

(a)    

the number of first-time buyers benefiting from the relief,

 

(b)    

the number of purchases benefiting from the relief,

 

(c)    

the average age of first-time buyers benefiting from the relief,

 

(d)    

the effects on the operation of the private rented sector,

 

(e)    

the effects on council housing and other social housing,


 
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Revised 19 December 2017