Session 2017-19
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Other Bills before Parliament


 
 

1

 

House of Commons

 
 

Notices of Amendments

 

given up to and including

 

Monday 11 December 2017

 

New Amendments handed in are marked thus Parliamentary Star

 

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

 

Amendments tabled since the last publication: 1 to 3 and NC1 to NC8

 

Committee of the whole House


 

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)


 

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withdrawn amendments at the end.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 December 2017].

 


 

CLAUSE 33, SCHEDULE 9, NEW CLAUSES AND NEW SCHEDULES RELATING TO THE

 

BANK LEVY

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

1

 

Parliamentary Star    

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)”.

 

Member’s explanatory statement

 

This amendment paves the way for NC3.

 



 
 

Notices of Amendments: 11 December 2017                  

2

 

Finance (No. 2) Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

NC1

 

Parliamentary Star    

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 month 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).

 

      (4)  

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

 

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

 

Member’s explanatory statement

 

This new clause requires the Government to carry out a review of the bank levy, including its

 

effectiveness in relation to its stated aims, the revenue effects of the changes made in 2015 and the

 

comparable effectiveness of the bank payroll tax.

 



 
 

Notices of Amendments: 11 December 2017                  

3

 

Finance (No. 2) Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

NC2

 

Parliamentary Star    

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.””

 

Member’s explanatory statement

 

This new clause requires HMRC to prepare a public register of banks paying the bank levy and the

 

amount they have paid.

 



 
 

Notices of Amendments: 11 December 2017                  

4

 

Finance (No. 2) Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

NC3

 

Parliamentary Star    

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.”

 

Member’s explanatory statement

 

This new clause requires the Government to provide a separate analysis of the impact of Part 1 of

 

Schedule 9 nearer to the time of proposed implementation in 2021 and to seek the separate

 

agreement of the House of Commons to commencement in the light of that review.

 

 


 

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

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

2

 

Parliamentary Star    

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

 

“(4A)    

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

 

tax.”

 

Member’s explanatory statement

 

This amendment provides that the power to make regulations in consequence of the exemption

 

from income tax in respect of payments of accommodation allowances to, or in respect of, a

 

member of the armed forces may not be exercised so as to increase any individual’s liability to

 

income tax.


 
 

Notices of Amendments: 11 December 2017                  

5

 

Finance (No. 2) Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

3

 

Parliamentary Star    

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

 

Member’s explanatory statement

 

This amendment is consequential on Amendment 2.

 


 

NEW CLAUSES AND SCHEDULES RELATING TO STAMP DUTY LAND TAX

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

NC4

 

Parliamentary Star    

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.”

 

Member’s explanatory statement

 

This new clause requires a review to be published prior to the Autumn 2018 Budget on the impact

 

of the relief for first-time buyers, including its effects on house prices and on the supply of housing.

 

 



 
 

Notices of Amendments: 11 December 2017                  

6

 

Finance (No. 2) Bill, continued

 
 

NEW CLAUSES AND SCHEDULES RELATING TO THE INCOME TAX TREATMENT OF

 

ARMED FORCES’ ACCOMMODATION ALLOWANCES

 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

NC5

 

Parliamentary Star    

To move the following Clause—

 

         

“Parliamentary scrutiny of regulations relating to armed forces:

 

accommodation allowance

 

(1)    

Section 717 of ITEPA 2003 (regulations made by Treasury or Commissioners) is

 

amended as follows.

 

(2)    

In subsection (3), leave out “subsection (4)” and insert “subsections (3A) and

 

(4)”.

 

(3)    

After subsection (3), insert—

 

“(3A)    

No regulations may be made under section 297D unless a draft has been

 

laid before and approved by a resolution of the House of Commons.””

 

Member’s explanatory statement

 

This new clause requires that regulations setting conditions relating to the availability of the

 

income tax exemption in relation to armed forces’ accommodation allowance shall be subject to

 

the affirmative procedure.

 

 


 

NEW CLAUSES AND NEW SCHEDULES RELATING TO THE EFFECT OF THE BILL ON

 

EQUALITY

 

Jeremy Corbyn

 

Dawn Butler

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Anneliese Dodds

Ms Diane Abbott

Dr Rosena Allin-Khan

Mike Amesbury

Tonia Antoniazzi

Luciana Berger

Mr Clive Betts

Tracy Brabin

Lyn Brown

Ms Karen Buck

Ruth Cadbury

Dan Carden

Sarah Champion

Bambos Charalambous

Rosie Cooper

Yvette Cooper

Julie Cooper

Mary Creagh

Stella Creasy

Marsha De Cordova

Thangam Debbonaire

Emma Dent Coad

Mr Tanmanjeet Singh Dhesi

Rosie Duffield

Mrs Louise Ellman

Yvonne Fovargue

James Frith

Hugh Gaffney

Barry Gardiner

Preet Kaur Gill

Mary Glindon

Mr Roger Godsiff

Kate Green

Lilian Greenwood

Andrew Gwynne

Emma Hardy

Carolyn Harris

Helen Hayes

Mr Mark Hendrick

Kate Hoey


 
 

Notices of Amendments: 11 December 2017                  

7

 

Finance (No. 2) Bill, continued

 
 

Kate Hollern

Mr George Howarth

Dr Rupa Huq

Diana Johnson

Sarah Jones

Barbara Keeley

Afzal Khan

Ged Killen

Mr David Lammy

Mrs Emma Lewell-Buck

Clive Lewis

Rebecca Long Bailey

Ian C. Lucas

Shabana Mahmood

Seema Malhotra

Sandy Martin

Kerry McCarthy

Andy McDonald

Alison McGovern

Anna McMorrin

Alex Norris

Kate Osamor

Teresa Pearce

Matthew Pennycook

Jess Phillips

Laura Pidcock

Jo Platt

Luke Pollard

Lucy Powell

Yasmin Qureshi

Faisal Rashid

Rachel Reeves

Danielle Rowley

Naz Shah

Tulip Siddiq

Ruth Smeeth

Laura Smith

Alex Sobel

Jo Stevens

Wes Streeting

Gareth Thomas

Stephen Twigg

Chuka Umunna

Thelma Walker

Matt Western

Mohammad Yasin

 

NC6

 

Parliamentary Star    

To move the following Clause—

 

         

“Equality impact analyses of provisions of this Act

 

(1)    

The Chancellor of the Exchequer must review the equality impact of the

 

provisions of this Act in accordance with this section and lay a report of that

 

review before the House of Commons within six months of the passing of this

 

Act.

 

(2)    

A review under this section must consider—

 

(a)    

the impact of those provisions on households at different levels of

 

income,

 

(b)    

the impact of those provisions on people with protected characteristics

 

(within the meaning of the Equality Act 2010),

 

(c)    

the impact of those provisions on the Treasury’s compliance with the

 

public sector equality duty under section 149 of the Equality Act 2010,

 

and

 

(d)    

the impact of those provisions on equality in different parts of the United

 

Kingdom and different regions of England.

 

(3)    

A review under this section must give a separate analysis in relation to the

 

following matters—

 

(a)    

income tax (in sections 1 and 3 to 6),

 

(b)    

employment (in sections 7 to 10),

 

(c)    

disguised remuneration (in sections 11 and 12 and Schedules 1 and 2),

 

(d)    

pension schemes (in section 13 and Schedule 3),

 

(e)    

investments (in sections 14 to 17 and Schedules 4 to 5),

 

(f)    

corporation tax and other aspects of business taxation (in sections 2, 19

 

to 32, 36 and 37 and Schedules 7 and 8),

 

(g)    

the bank levy (in section 33 and Schedule 9),

 

(h)    

settlements (in section 35 and Schedule 11),

 

(i)    

stamp duty land tax (in sections 40 and 41 and Schedule 11),

 

(j)    

air passenger duty (in section 43),

 

(k)    

vehicle excise duty (in section 44), and

 

(l)    

tobacco products duty (in section 45).

 

(4)    

In this section—

 

“parts of the United Kingdom” means—

 

(a)    

England,


 
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Revised 12 December 2017