Session 2017-19
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Notices of Amendments: 13 December 2017                  

5

 

Finance (No. 2) Bill, continued

 
 

“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.

 

      (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).””

 

Member’s explanatory statement

 

This new clause requires the Government to carry out a review of the revenue and other effects of

 

extending the bank levy to PFI finance groups.

 


 

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

 

NC11

 

Parliamentary Star    

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.


 
 

Notices of Amendments: 13 December 2017                  

6

 

Finance (No. 2) Bill, continued

 
 

(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.

 

      (3)  

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

 

effects on inclusive growth and inequality.

 

 


 

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

 

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: 13 December 2017                  

7

 

Finance (No. 2) Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

3

 

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

 

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: 13 December 2017                  

8

 

Finance (No. 2) Bill, continued

 
 

Jeremy Corbyn

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Jonathan Reynolds

 

Anneliese Dodds

 

NC10

 

Parliamentary Star    

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,

 

(f)    

the effects on the supply of affordable housing, and

 

(g)    

the effects on the operation of collective investment schemes under Part

 

17 of the Financial Services and Markets Act 2000 in the provision of

 

cooperative housing.

 

(3)    

For the purposes of this section, “relevant period” means—

 

(a)    

the period from 22 November 2017 to 5 April 2018,

 

(b)    

each period of 12 months beginning on 6 April during which the relief is

 

in effect, and

 

(c)    

the period beginning on 6 April and ending with the day on which the

 

relief ceases to have effect.”

 

Member’s explanatory statement

 

This new clause requires an annual report on the operation of the relief for first-time buyers,

 

including information on the beneficiaries and effects on different aspects of housing supply.

 

 



 
 

Notices of Amendments: 13 December 2017                  

9

 

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

 

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


 
 

Notices of Amendments: 13 December 2017                  

10

 

Finance (No. 2) Bill, continued

 
 

Andrew Gwynne

Emma Hardy

Carolyn Harris

Helen Hayes

Mr Mark Hendrick

Kate Hoey

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

 

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).


 
 

Notices of Amendments: 13 December 2017                  

11

 

Finance (No. 2) Bill, continued

 
 

(4)    

In this section—

 

“parts of the United Kingdom” means—

 

(a)    

England,

 

(b)    

Scotland,

 

(c)    

Wales, and

 

(d)    

Northern Ireland;

 

“regions of England” has the same meaning as that used by the Office for

 

National Statistics.”

 

Member’s explanatory statement

 

This new clause requires the Chancellor of the Exchequer to carry out and publish a review of the

 

effects of the provisions of the Bill on equality in relation to households with different levels of

 

income, people with protected characteristics, the Treasury’s public sector equality duty and on a

 

regional basis.

 


 

Jeremy Corbyn

 

Dawn Butler

 

John McDonnell

 

Mr Nicholas Brown

 

Peter Dowd

 

Anneliese Dodds

 

NC7

 

To move the following Clause—

 

         

“Equality impact analyses of provisions of this Act

 

(1)    

The Office for Budget Responsibility must review the equality impact of the

 

provisions of this Act in accordance with this section 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),


 
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Revised 13 December 2017