Session 2017-19
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Notices of Amendments: 4 December 2018                  

15

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC5

 

To move the following Clause—

 

         

“Aggregate effect of changes to corporation tax and capital allowances

 

The Chancellor of the Exchequer must, within one year of the passing of this Act,

 

lay before the House of Commons an analysis of the effect of the changes to

 

corporation tax and capital allowances made under sections 25 to 28 and 29 to 34

 

of this Act.”

 

Member’s explanatory statement

 

This new clause would require the Chancellor of the Exchequer to review the aggregate effect of

 

the changes to corporation tax and capital allowances made under this Act.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC6

 

To move the following Clause—

 

         

“Changes to capital allowances since 2010

 

The Chancellor of the Exchequer must, within one month of the passing of this

 

Act, lay before the House of Commons a statement setting out—

 

(a)    

the changes that have been made to the Capital Allowances Act 2001

 

since 2010,

 

(b)    

the consultations that were undertaken before each change, and

 

(c)    

an analysis of the expected effect of the statement on investor confidence

 

in the United Kingdom.”

 

Member’s explanatory statement

 

This new clause would require the Chancellor of the Exchequer to publish a statement listing the

 

number of changes to capital allowances since 2010, the consultations that were undertaken

 

before each change, and an accompanying analysis of the implications of this statement for

 

investor confidence in the UK.

 



 
 

Notices of Amendments: 4 December 2018                  

16

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC7

 

To move the following Clause—

 

         

“Review of capital allowance assets

 

The Chancellor of the Exchequer must, within one month of the passing of this

 

Act, lay before the House of Commons a review of the changes to the number of

 

categories of capital allowance assets for tax purposes since 2010, and the effect

 

of the changes on the capital allowance system.”

 

Member’s explanatory statement

 

This new clause would require the Chancellor the Exchequer to carry out a review of the changes

 

to the number of capital allowance asset classes required for tax purposes since 2010, and the

 

impact that this will have on the complexity of the capital allowance system.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC8

 

To move the following Clause—

 

         

“Review of Schedule 16 provisions on voucher circulation and distribution

 

(1)    

The Chancellor of the Exchequer must commission a review of the expected

 

impact of the provisions of Schedule 16 on the circulation and distribution of

 

vouchers in—

 

(a)    

the United Kingdom, and

 

(b)    

the European Union.

 

(2)    

A report of the review under subsection (1) must be laid before the House of

 

Commons within 3 months of the passing of this Act.”

 

Member’s explanatory statement

 

This new clause requires a review of how the provisions in Schedule 16 affect voucher circulation

 

and distribution.

 



 
 

Notices of Amendments: 4 December 2018                  

17

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC9

 

To move the following Clause—

 

         

“Review of potential divergence of VAT treatment of vouchers

 

(1)    

The Chancellor of the Exchequer shall commission a review that will consider the

 

potential public revenue, and other impacts, if domestic law regarding the VAT

 

treatment of vouchers were to diverge from European Union law.

 

(2)    

A report of the review under subsection (1) must be laid before the House of

 

Commons within 3 months of the passing of this Act.”

 

Member’s explanatory statement

 

The provisions of Schedule 16 transpose Council Directive (EU) 2016/1065. This new clause

 

requires a review of the revenue effects of diverging from EU law on the VAT treatment of

 

vouchers.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC10

 

To move the following Clause—

 

         

“Review of higher rate of tax for additional dwellings

 

(1)    

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

 

effects of the amendments to FA 2003 made in section 43.

 

(2)    

A report of the review under subsection (1) must be laid before the House of

 

Commons before 29 October 2019.”

 

Member’s explanatory statement

 

This new clause requires a review of the revenue effects of the provisions in clause 43, and for that

 

review to report within 1 year of that clause becoming effective.

 



 
 

Notices of Amendments: 4 December 2018                  

18

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC11

 

To move the following Clause—

 

         

 “Annual statement on effects of provisions of section 43

 

(1)    

The Chancellor of the Exchequer must make an annual statement to the House of

 

Commons detailing how the provisions in section 43 have affected instances in

 

which land transaction returns are amended to take account of subsequent

 

disposal of the main residence.

 

(2)    

The statement must specify—

 

(a)    

the number of such instances, and

 

(b)    

such information as the Commissioners hold as to the characteristics

 

(including income) of those concerned.

 

(3)    

The first such statement under subsection (1) must be made before 29 October

 

2019, and each subsequent statement must be within twelve months of the

 

previous statement.”

 

Member’s explanatory statement

 

This new clause requires an annual statement on how the provisions in section 43 have impacted

 

the number of back claims of HRAD.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC12

 

To move the following Clause—

 

         

“Review of higher rate of tax for additional dwellings

 

(1)    

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

 

provisions of section 43 have affected residential property prices.

 

(2)    

A report of the review under subsection (1) must be laid before the House of

 

Commons before 29 October 2019.”

 

Member’s explanatory statement

 

This new clause requires a review on how the provisions in clause 43 have affected house prices,

 

and for that review to report within 1 year of that clause becoming effective.

 



 
 

Notices of Amendments: 4 December 2018                  

19

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC13

 

To move the following Clause—

 

         

“Equality impact analysis of provisions of section 45

 

(1)    

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

 

provisions in section 45 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 relevant parts of

 

the United Kingdom and different regions of England.

 

(3)    

In this section—

 

“relevant parts of the United Kingdom” means—

 

(a)    

England, and

 

(b)    

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 Clause 45 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.

 

 

Order of the House [12 November 2018]

 

That the following provisions shall apply to the Finance (No.3) Bill:

 

Committal

 

1.    

The following shall be committed to a Committee of the whole House—

 

(a)    

Clauses 5, 6, 8, 9 and 10 (income tax thresholds and reliefs);

 

(b)    

Clause 15 and Schedule 3 (offshore receipts in respect of intangible

 

property);

 

(c)    

Clause 16 and Schedule 4 (avoidance involving profit fragmentation

 

arrangements);

 

(d)    

Clause 19 (hybrid and other mismatches: scope of Chapter 8 and

 

“financial instrument”);

 

(e)    

Clause 20 (controlled foreign companies: finance company

 

exemption and control);

 

(f)    

Clause 22 and Schedule 7 (payment of CGT exit charges);

 

(g)    

Clause 23 and Schedule 8 (corporation tax exit charges);


 
 

Notices of Amendments: 4 December 2018                  

20

 

Finance (No. 3) Bill, continued

 
 

(h)    

Clause 38 and Schedule 15 (entrepreneurs’ relief);

 

(i)    

Clauses 39 and 40 (gift aid and charities);

 

(j)    

Clauses 41 and 42 (stamp duty land tax: first-time buyers in cases of

 

shared ownership);

 

(k)    

Clauses 46 and 47 (stamp duty and SDRT);

 

(l)    

Clauses 61 and 62 and Schedule 18 (remote gaming duty and gaming

 

duty);

 

(m)    

Clauses 68 to 78 (carbon emissions tax);

 

(n)    

Clause 83 (international tax enforcement: disclosure arrangements);

 

(o)    

Clause 89 (minor amendments in consequence of EU withdrawal);

 

(p)    

Clause 90 (emissions reduction trading scheme: preparatory

 

expenditure);

 

(q)    

any new Clauses or new Schedules relating to—

 

    

          (i) tax thresholds or reliefs,

 

    

          (ii) the subject matter of any of clauses 68 to 78, 89 and 90,

 

    

             (iii) gaming duty or remote gaming duty, or

 

    

         (iv) tax avoidance or evasion.

 

2.    

The remainder of the Bill shall be committed to a Public Bill Committee.

 

Proceedings in Committee of the whole House

 

3.    

Proceedings in Committee of the whole House shall be completed in two

 

days.

 

4.    

Those proceedings shall be taken on each of those days in the order shown in

 

the first column of the following Table.

 

5.    

Each part of the proceedings shall (so far as not previously concluded) be

 

brought to a conclusion at the times specified in the second column of the

 

Table.

 

6.    

Standing Order No. 83B (programming committees) shall not apply to

 

proceedings in Committee of the whole House.

 

Proceedings

Time for conclusion of proceedings

 
 

First day

  
 

Clauses 5, 6, 8, 9, 10 and 38 and

3 hours from commencement of

 
 

Schedule 15; Clauses 39 to 42; any

proceedings on the Bill on the first

 
 

new Clauses or new Schedules

day

 
 

relating to tax thresholds or reliefs

  
 

Clauses 68 to 78 and 89 and 90;

6 hours from commencement of

 
 

any new Clauses or new Schedules

proceedings on the Bill on the first

 
 

relating to the subject matter of

day

 
 

those clauses

  
 

Second day

  
 

Clauses 61 and 62 and Schedule

3 hours from commencement of

 
 

18; any new Clauses or new

proceedings on the Bill on the

 
 

Schedules relating to remote

second day

 
 

gaming duty or gaming duty

  
 

Clause 15 and Schedule 3; Clause

6 hours from commencement of

 
 

16 and Schedule 4; Clauses 19 and

proceedings on the Bill on the

 
 

20; Clause 22 and Schedule 7;

second day

 
 

Clause 23 and Schedule 8; Clauses

  
 

46 and 47; Clause 83; any new

  
 

Clauses or new Schedules relating

  
 

to tax avoidance or evasion

  

 
 

Notices of Amendments: 4 December 2018                  

21

 

Finance (No. 3) Bill, continued

 
 

Proceedings in Public Bill Committee etc

 

7.    

Proceedings in the Public Bill Committee shall (so far as not previously

 

concluded) be brought to a conclusion on Tuesday 11 December 2018.

 

8.    

The Public Bill Committee shall have leave to sit twice on the first day on

 

which it meets.

 

9.    

When the provisions of the Bill considered, respectively, by the Committee

 

of the whole House and by the Public Bill Committee have been reported to

 

the House, the Bill shall be proceeded with as if it had been reported as a

 

whole to the House from the Public Bill Committee.

 

Proceedings on Consideration and up to and including Third Reading

 

10.    

Proceedings on Consideration and proceedings in legislative grand

 

committee shall (so far as not previously concluded) be brought to a

 

conclusion one hour before the moment of interruption on the day on which

 

proceedings on Consideration are commenced.

 

11.    

Proceedings on Third Reading shall (so far as not previously concluded) be

 

brought to a conclusion at the moment of interruption on that day.

 

12.    

Standing Order No. 83B (programming committees) shall not apply to

 

proceedings on Consideration and up to and including Third Reading.

 

 

Order of the Committee [27 November 2018]

 

That—

 

(1)  

the Committee shall (in addition to its first meeting at 9.25 am on Tuesday 27

 

November) meet—

 

(a)  

at 2.00 pm on Tuesday 27 November;

 

(b)  

at 11.30 am and 2.00 pm on Thursday 29 November;

 

(c)  

at 9.25 am and 2.00 pm on Tuesday 4 December;

 

(d)  

at 11.30 am and 2.00 pm on Thursday 6 December;

 

(e)  

at 9.25 am and 2.00 pm on Tuesday 11 December;

 

(2)  

the proceedings shall be taken in the following order: Clauses 1 to 4; Clause

 

7; Clauses 11 to 13; Schedule 1; Clause 14; Schedule 2; Clause 17; Schedule

 

5; Clause 18; Schedule 6; Clause 21; Clauses 24 to 26; Schedule 9; Clause

 

27; Schedule 10; Clause 28; Schedule 11; Clauses 29 to 31; Schedule 12;

 

Clauses 32 to 35; Schedule 13; Clause 36; Schedule 14; Clause 37; Clauses

 

43 to 45; Clauses 48 to 51; Schedule 16; Clause 52; Schedule 17; Clauses 53

 

to 60; Clauses 63 to 67; Clauses 79 to 82; Clauses 84 to 88; Schedule 19;

 

Clauses 91 and 92; new Clauses; new Schedules; remaining proceedings on

 

the Bill;


 
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Revised 05 December 2018