Session 2017-19
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Other Bills before Parliament


 
 

1

 

House of Commons

 
 

Tuesday 4 December 2018

 

Public Bill Committee

 

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: 104 to 138

 

Finance (No. 3) Bill


 

(Except clauses 5, 6, 8 9 and 10; Clause 15 and Schedule 3; Clause 16 and Schedule 4; Clause


 

19; Clause 20; Clause 22 and Schedule 7; Clause 23 and Schedule 8; Clause 38 and Schedule


 

15; Clauses 39 and 40; Clauses 41 and 42; Clauses 46 and 47; Clauses 61 and 62 and Schedule


 

18; Clauses 68 to 78; Clause 83; Clause 89; Clause 90; any new Clauses or new Schedules


 

relating to tax thresholds or reliefs, the subject matter of any of clauses 68 to 78, 89 and 90,


 

gaming duty or remote gaming duty, or 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withdrawn amendments at the end.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 Committee [27 November 2018].

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

73

 

Clause  32,  page  19,  line  23,  at end insert—

 

“(6)    

The Chancellor of the Exchequer must review the likely effect of extending the

 

first-year allowances on energy-saving plant or machinery or environmentally

 

beneficial plant or machinery to 2030 and lay a report of that review before the

 

House of Commons within six months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the effects of extending

 

first-year allowances to 2030.


 
 

Public Bill Committee: 4 December 2018                  

2

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

74

 

Clause  32,  page  19,  line  23,  at end insert—

 

“(6)    

The Chancellor of the Exchequer must review the likely cost of extending the

 

first-year allowances on energy-saving plant or machinery or environmentally

 

beneficial plant or machinery to 2022 and lay a report of that review before the

 

House of Commons within six months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the cost of extending

 

first-year allowances to 2022.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

75

 

Clause  32,  page  19,  line  23,  at end insert—

 

“(6)    

The Chancellor of the Exchequer must review the effect of ending the first-year

 

allowances on energy-saving plant or machinery or environmentally beneficial

 

plant or machinery and lay a report of that review before the House of Commons

 

within one year of the passing of this Act.

 

(7)    

A review under subsection (b) must consider the effect on—

 

(a)    

the energy technology sector, and

 

(b)    

the water technology sector.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the impact on the energy

 

and water technology sectors of ending first-year allowances.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

76

 

Clause  32,  page  19,  line  23,  at end insert—

 

“(6)    

The Chancellor of the Exchequer must review the effect of ending the first-year

 

allowances on energy-saving plant or machinery or environmentally beneficial

 

plant or machinery, on foreign direct investment in the energy technology and

 

water technology sectors and lay a report of that review before the House of

 

Commons within one year of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the impact of ending the

 

first-year allowance on foreign direct investment in the energy and water technology sectors.


 
 

Public Bill Committee: 4 December 2018                  

3

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

77

 

Clause  32,  page  19,  line  23,  at end insert—

 

“(6)    

The Chancellor of the Exchequer must review the effect of the provisions in this

 

section on the United Kingdom’s ability to comply with its third, fourth and fifth

 

carbon budgets and lay a report of that review before the House of Commons

 

within six months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the impact of Clause 32

 

on the UK’s ability to meet its carbon budgets.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

78

 

Clause  32,  page  19,  line  23,  at end insert—

 

“(6)    

The Chancellor of the Exchequer must lay before the House of Commons a report

 

on any consultation undertaken on the provisions in this section within two

 

months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to report on any consultation

 

undertaken on the provisions in this clause.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

79

 

Clause  34,  page  19,  line  38,  at end insert—

 

“(4)    

The Chancellor of the Exchequer must lay before the House of Commons a report

 

on any consultation undertaken on the provisions in this section within two

 

months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to report on any consultation

 

undertaken on the provisions in this clause.

 



 
 

Public Bill Committee: 4 December 2018                  

4

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

84

 

Schedule  14,  page  260,  line  15,  leave out sub-paragraph (d)

 

Member’s explanatory statement

 

The provision as drafted allows companies to transfer TTH worth double the value of anticipated

 

decommissioning costs. This reduces the incentive for companies towards efficiencies in

 

decommissioning costs and paves the way for decommissioning-related tax repayments far bigger

 

than the companies are currently acknowledging. This amendment removes that provision.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

81

 

Schedule  14,  page  261,  line  29,  at end insert—

 

“(aa)    

assessing the impact on employment, skills and the Exchequer from

 

the asset’s production life and planned decommissioning phase, and”

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

89

 

Schedule  14,  page  261,  line  42,  at end insert—

 

“(d)    

includes an assessment of the impact on the Exchequer from the

 

amount spent on directly employed and contracted staff by the seller

 

over the production life of the asset to date; and the impact on the

 

Exchequer from the buyer’s plans for employed and contracted staff

 

up to and including the decommissioning stage.”

 

Member’s explanatory statement

 

This amendment requires a decommissioning security agreement to include an assessment of the

 

impact on the Exchequer from the amount spent on staff, in order for that agreement to be

 

qualifying for the purposes of this Schedule.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

85

 

Schedule  14,  page  268,  line  40,  at end insert—

 

“(aa)    

the amount spent by the purchaser in post-acquisition periods on new

 

capital investment, major maintenance work, retraining of redundant

 

staff, initiatives to reduce methane emissions or initiatives to introduce


 
 

Public Bill Committee: 4 December 2018                  

5

 

Finance (No. 3) Bill, continued

 
 

carbon-capture techniques into the operations in relation to the

 

relevant TTH assets (“post-acquisition qualifying investment”)”

 

Member’s explanatory statement

 

This amendment, and amendments 86 and 87 incentivize capital investment by new purchasers in

 

job creation and emissions reductions. Combined, the amendments limit the TTH which may be

 

claimed to an amount equal to such investment.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

86

 

Schedule  14,  page  269,  line  3,  at end insert—

 

“(c)    

the amount by which total post-acquisition qualifying investment

 

exceeded the higher of excess decommissioning expenditure and the

 

total TTH amount as calculated for the first activation period under

 

paragraph 35.”

 

Member’s explanatory statement

 

See explanatory statement for Amendment 85.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

87

 

Schedule  14,  page  269,  line  40,  at end insert—

 

“(c)    

provided that the total activated TTH amount may never exceed the

 

purchaser’s post-acquisition qualifying investment for the relevant

 

TTH assets or TTH oil fields.”

 

Member’s explanatory statement

 

See explanatory statement for Amendment 85.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

95

 

Clause  45,  page  29,  line  19,  at end insert—

 

“(11)    

The Chancellor of the Exchequer must lay before the House of Commons a report

 

on any consultation undertaken on the provisions in this section.


 
 

Public Bill Committee: 4 December 2018                  

6

 

Finance (No. 3) Bill, continued

 
 

(12)    

A report of the review under subsection (9) must be laid before the House of

 

Commons within two months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to report on any consultation

 

undertaken on the provisions in Clause 45.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

90

 

Clause  48,  page  32,  line  39,  at end insert—

 

“85B  

Review of possible register

 

(1)    

Within three months of the passing of the Finance Act 2019, the Chancellor of the

 

Exchequer shall review the viability of establishing a public register on the use of

 

the exemption from stamp duty established under section 85A.

 

(2)    

A report of the review under this section shall be laid before the House of

 

Commons as soon as practicable after its completion.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the viability of a public

 

register of financial institutions in resolution benefitting from the exemption from stamp duty for

 

certain financial transactions.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

91

 

Clause  49,  page  33,  line  2,  at end insert—

 

“(c)    

after subsection (4) insert—

 

“(5)    

Within three months of the passing of the Finance Act 2019, the

 

Chancellor of the Exchequer shall review the revenue effects

 

if—

 

(a)    

the provision of section 49(2) of that Act had not been

 

made, and

 

(b)    

the exemption under subsection (3) of this section did

 

not apply to a Schedule 2 SIP that was not approved

 

between the coming into force of the relevant provisions

 

of the Finance Act 2014 and the passing of the Finance

 

Act 2019.


 
 

Public Bill Committee: 4 December 2018                  

7

 

Finance (No. 3) Bill, continued

 
 

(6)    

A report of the review under this subsection (5) section shall be

 

laid before the House of Commons as soon as practicable after

 

its completion.””

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the revenue effects if the

 

tax exemption under section 95 of the Finance Act 2001 had not applied to self-certified share

 

incentive plans.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

92

 

Clause  50,  page  33,  line  11,  at end insert—

 

“(9B)    

An order made under subsection (9) for the purposes of subsection (9A) must be

 

accompanied by a statement by the Treasury of the expected impact of that order

 

on—

 

(a)    

the number of traders who are expected to benefit from the reduction of

 

a burden, and

 

(b)    

the supply chain in respect of the description of goods or services.”

 

Member’s explanatory statement

 

This amendment would require an order made under the new provision of Clause 50 to be

 

accompanied by an impact statement.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

93

 

Schedule  17,  page  305,  line  28,  at end insert—

 

“Part 3

 

Review

 

“16(1)  

The Chancellor of the Exchequer shall commission a review on the impact of

 

the provisions in this Schedule on the number of individuals and businesses

 

entering into VAT groups.

 

      (2)  

A report of the review under sub-paragraph (1) must be laid before the House

 

of Commons before 1 April 2020”.

 

Member’s explanatory statement

 

This amendment requires a review of the impact of this measure on the number of individuals and

 

businesses entering into VAT groupings for the purpose of tax planning, and for that review to

 

report by the end of the tax year 2019-20.


 
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Revised 04 December 2018