Session 2017-19
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House of Commons

 
 

Thursday 29 November 2018

 

Public Bill Committee Proceedings

 

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)


 

[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Withdrawn after debate: moved and debated but then withdrawn, so not put to a decision.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 14 Agreed to.


 
 

Public Bill Committee Proceedings: 29 November 2018        

2

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Not called  31

 

Schedule  2,  page  171,  line  18,  at end insert—

 

    “(4)  

The provisions in this paragraph may not come into effect until the Treasury

 

has published the results of any consultation conducted by the Commissioners

 

with representative bodies concerning awareness of the provisions among

 

those who will be covered by them.”

 

Member’s explanatory statement

 

This amendment would delay the commencement of the paragraph in Schedule 2 relating to the

 

obligation to make a return in respect of a disposal to which the Schedule applies, until the

 

Treasury has released details of HMRC‘s consultation with representative bodies concerning

 

awareness of the provisions amongst those who may be covered by them.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Not called  32

 

Schedule  2,  page  176,  line  21,  at end insert—

 

“Part 1A

 

Review of effects on public finances

 

17A      

The Chancellor of the Exchequer must review the revenue effects if the

 

provisions in Schedule 2 were introduced from 6 April 2019, 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 revenue effects of

 

the provisions of Schedule 2 if they were introduced in 2019/20.

 

Kirsty Blackman

 

Mhairi Black

 

Negatived on division  33

 

Schedule  2,  page  176,  line  21,  at end insert—

 

“Part 1A

 

Review of effects on public finances

 

17A      

The Chancellor of the Exchequer must review the expected revenue effects of

 

the changes made to capital gains tax returns and payments on account in this

 

in this Schedule, along with an estimate of the difference between the amount

 

of tax required to be paid to the Commissioners under those provisions and the


 
 

Public Bill Committee Proceedings: 29 November 2018        

3

 

Finance (No. 3) Bill, continued

 
 

amount paid, 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 effect on public

 

finances, and on reducing the tax gap, of the changes made to capital gains tax in Schedule 2.

 

Schedule Agreed to.

 

Clause 17 Agreed to.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Not called  39

 

Schedule  5,  page  204,  line  29,  at end insert—

 

“Part 1A

 

Annual report of non-uk resident companies

 

5A  (1)  

The Chancellor of the Exchequer must publish details of non-UK resident

 

companies to which corporation tax is chargeable due to the provisions of this

 

Schedule.

 

      (2)  

The details published under sub-paragraph (1) must list the name of each such

 

non-UK resident company.

 

      (3)  

The publication under sub-paragraph (1) must be published—

 

(a)    

in respect of the first such publication, within six months of this

 

Schedule coming into force, and

 

(b)    

in respect of each subsequent publication, within 12 months of the date

 

of the previous publication.”

 

Member’s explanatory statement

 

This amendment requires an annual report on companies to which corporation tax is chargeable

 

due to the provisions of this Schedule.

 

Kirsty Blackman

 

Mhairi Black

 

Not called  35

 

Schedule  5,  page  210,  line  45,  at end insert—

 

“Part 2A

 

Review of effects on public finances

 

34A(1)  

The Chancellor of the Exchequer must review the revenue effects of this

 

Schedule and lay a report of that review before the House of Commons within

 

six months of the passing of this Act.

 

      (2)  

The review under sub-paragraph (1) must consider—

 

(a)    

the expected change in corporation tax paid attributable to the

 

provisions in this Schedule, and


 
 

Public Bill Committee Proceedings: 29 November 2018        

4

 

Finance (No. 3) Bill, continued

 
 

(b)    

an estimate of any change, attributable to the provisions in this

 

Schedule, in the difference between the amount of tax required to be

 

paid to the Commissioners and the amount paid.”

 

Member’s explanatory statement

 

This amendment requires a review of the effects of this Schedule on the public finances.

 

Kirsty Blackman

 

Mhairi Black

 

Not selected  36

 

Schedule  5,  page  210,  line  45,  at end insert—

 

“Part 2A

 

Review of effects on tax paid by EU and non-EU úresident firms

 

34A(1)  

The Chancellor of the Exchequer must review the revenue effects of this

 

Schedule and lay a report of that review before the House of Commons within

 

six months of the passing of this Act.

 

      (2)  

The review under sub-paragraph (1) must consider the expected change,

 

attributable to the provisions in this Schedule, in the difference between the

 

amount of tax required to be paid to the Commissioners and the amount paid

 

by non-UK resident companies that are—

 

(a)    

resident in the European Union, or

 

(b)    

not resident in the European Union.”

 

Member’s explanatory statement

 

This amendment requires a review of the effects of this Schedule on the tax gap for both EU and

 

non-EU resident firms.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Negatived on division  38

 

Schedule  5,  page  210,  line  45,  at end insert—

 

“Part 2A

 

Annual review of effects of this schedule

 

34A(1)  

The Chancellor of the Exchequer must undertake an annual review of the

 

effects of the provisions of this Schedule on corporation tax receipts.

 

      (2)  

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

 

of Commons before—

 

(a)    

in respect of the first review, within 12 months of this Schedule

 

coming into force, and

 

(b)    

in respect of each subsequent review, within 12 months of the date on

 

which the report of the previous review was laid before the House of

 

Commons.”

 

Member’s explanatory statement

 

This amendment requires an annual review of the revenue effects of this Schedule, in each year

 

following the Schedule coming into force.

 

Schedule Agreed to.


 
 

Public Bill Committee Proceedings: 29 November 2018        

5

 

Finance (No. 3) Bill, continued

 
 

Clause 18 Agreed to.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Negatived on division  46

 

Schedule  6,  page  220,  line  2,  leave out paragraph 11.

 

Member’s explanatory statement

 

This amendment removes the proposed extension of the review period to 15 months.

 

Kirsty Blackman

 

Mhairi Black

 

Not called  37

 

Schedule  6,  page  220,  line  26,  at end insert—

 

“13      

The Chancellor of the Exchequer must review the expected change to

 

payments of diverted profits tax and any associated changes to overall

 

payments made to the Commissioners arising from the provisions of this

 

Schedule, and lay a report of that review before the House of Commons within

 

6 months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the effect on public

 

finances of the diverted profits tax provisions in this Bill.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Negatived on division  40

 

Schedule  6,  page  220,  line  26,  at end insert—

 

“13      

The Chancellor of the Exchequer must review the expected revenue effects of

 

the changes made to diverted profits tax in this Schedule 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 effect on public

 

finances on the provisions in Schedule 6.


 
 

Public Bill Committee Proceedings: 29 November 2018        

6

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Not called  41

 

Schedule  6,  page  220,  line  26,  at end insert—

 

“13      

The Chancellor of the Exchequer must review diverted profits tax against its

 

policy objectives 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 DPT against its policy

 

objectives.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Not called  42

 

Schedule  6,  page  220,  line  26,  at end insert—

 

“13      

The Chancellor of the Exchequer must commission a review comparing

 

diverted profits tax against a Digital Services Tax 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 DPT against the

 

Government’s proposed Digital Services tax.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Negatived on division  43

 

Schedule  6,  page  220,  line  26,  at end insert—

 

“13(1)  

The Chancellor of the Exchequer must commission a review on the matter

 

specified in subsection (2).

 

      (2)  

That matter is the effects on the public finances of the the provisions in this

 

Schedule coming into effect in the tax year 2019-20 compared to previous or

 

subsequent tax years.

 

      (3)  

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

 

subsection (1) 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

 

introducing this measure in 2019-20.


 
 

Public Bill Committee Proceedings: 29 November 2018        

7

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Not selected  44

 

Schedule  6,  page  220,  line  26,  at end insert—

 

“13(1)  

The Commissioners must, within three months of the end of the tax year 2019-

 

20, provide information to the Treasury on the basis of the exercise of their

 

functions in relation to the changes made in this Schedule about the effects of

 

the changes on the matters specified in sub-paragraph (2).

 

      (2)  

Those matters are—

 

(a)    

residential property prices in the United Kingdom, and

 

(b)    

the proportion of residential property in the United Kingdom owned

 

by persons not ordinarily resident in the United Kingdom.

 

      (3)  

The Chancellor of the Exchequer must, within six months of the end of the tax

 

year 2019-20, undertake a review of the information supplied in accordance

 

with sub-paragraph (1) and lay a report of that review before the House of

 

Commons.”

 

Member’s explanatory statement

 

This amendment would require a review of the effect of the diverted profits tax provisions on

 

foreign home ownership and residential property prices.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

Not called  45

 

Schedule  6,  page  220,  line  26,  at end insert—

 

“13      

After section 105 insert—

 

105A  

Public register of diverted profits tax payments

 

(1)    

The Commissioners must provide information to the Treasury listing

 

those companies that have made payments pursuant to a charge of

 

diverted profits tax, and the amounts of those payments.

 

(2)    

The Treasury shall publish a register of companies paying diverted

 

profits tax based on the information provided by the Commissioners

 

under subsection (1), and shall make that register available to the

 

general public.”

 

Member’s explanatory statement

 

This amendment requires the publication of a public register of those companies that pay diverted

 

profits tax.

 

Schedule Agreed to.

 



 
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Revised 29 November 2018