Session 2017-19
Internet Publications
Other Bills before Parliament


 
 

Notices of Amendments: 6 December 2018                  

8

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

154

 

Parliamentary Star    

Clause  86,  page  64,  line  45,  at end insert—

 

“(9)    

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

 

made to the Taxes Management Act 1970 and the Finance Act 1998 by this

 

section 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 effectiveness of the

 

provision for voluntary tax returns.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

155

 

Parliamentary Star    

Clause  86,  page  64,  line  45,  at end insert—

 

“(9)    

The Chancellor of the Exchequer must review the resources that Her Majesty’s

 

Revenue and Customs needs to implement the measures in this section relating to

 

tax returns delivered otherwise than in pursuance of a requirement to do so and

 

lay a report of that review 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 review the HMRC resourcing

 

needed for the provision for voluntary tax returns.

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

156

 

Parliamentary Star    

Schedule  19,  page  315,  line  15,  at end insert —

 

“Part 4

 

Statement on consultation

 

“22      

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

 

statement on the consultation undertaken on the provisions of this Schedule no

 

later than two months after the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to make a statement on the

 

consultation undertaken on the measures introduced by Schedule 19.


 
 

Notices of Amendments: 6 December 2018                  

9

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

157

 

Parliamentary Star    

Schedule  19,  page  315,  line  15,  at end insert —

 

“Part 4

 

Review of information technology expenditure

 

“22      

The Chancellor of the Exchequer must review the total expenditure on

 

information technology by Revenue and Customs in order to implement the

 

provisions introduced by this Schedule and lay a report of that review before

 

the House of Commons with twelve months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to review the IT costs of

 

implementing the measures in Schedule 19.

 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

158

 

Parliamentary Star    

Schedule  19,  page  315,  line  15,  at end insert —

 

“Part 4

 

Review of revenue effects

 

“22      

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

 

provisions introduced by this Schedule and lay a report of that review before

 

the House of Commons with twelve months of the passing of this Act.”

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to publish a review of the revenue

 

effects of the measures introduced by Schedule 19.

 



 
 

Notices of Amendments: 6 December 2018                  

10

 

Finance (No. 3) Bill, continued

 
 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC1

 

To move the following Clause—

 

         

“Effect of withdrawal from the European Union on income tax collection

 

    

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

 

Act, lay before the House of Commons an analysis of the effect on the level of

 

income tax collected in the event of—

 

(a)    

the United Kingdom withdrawing from the United Kingdom without a

 

negotiated settlement, and

 

(b)    

the United Kingdom withdrawing from the United Kingdom with the

 

negotiated settlement that is preferred by Her Majesty’s Government.”

 

Member’s explanatory statement

 

This amendment requires a review of how income tax revenue may be affected by both a no-deal

 

Brexit and the Government’s preferred negotiated settlement.

 


 

Kirsty Blackman

 

Mhairi Black

 

NC2

 

To move the following Clause—

 

         

“Review of changes to capital allowances

 

(1)    

The Chancellor of the Exchequer must review the effect of the changes to capital

 

allowances in sections 29 to 34 and Schedule 12 in each part of the United

 

Kingdom and each region of England 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 the effects of the changes on—

 

(a)    

business investment,

 

(b)    

employment, and

 

(c)    

productivity.

 

(3)    

The review must also estimate the effects on the changes if—

 

(a)    

the UK leaves the European Union without a negotiated withdrawal

 

agreement

 

(b)    

the UK leaves the European Union following a negotiated withdrawal

 

agreement, and remains in the single market and customs union, or

 

(c)    

the UK leaves the European Union following a negotiated withdrawal

 

agreement, and does not remain in the single market and customs union.


 
 

Notices of Amendments: 6 December 2018                  

11

 

Finance (No. 3) 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.”

 


 

John McDonnell

 

Peter Dowd

 

Anneliese Dodds

 

Jonathan Reynolds

 

Clive Lewis

 

Jeff Smith

 

NC4

 

To move the following Clause—

 

         

“Comparative review of the expected effects of Schedule 5

 

(1)    

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

 

provisions of Schedule 5 on payments to the Commissioners, and lay a report of

 

that review before the House of Commons within 6 months of the passing of the

 

Act.

 

(2)    

The review under subsection (1) must in particular consider—

 

(a)    

the expected change in corporation tax receipts attributable to those

 

provisions, and

 

(b)    

the expected change in corporation tax receipts if—

 

(i)    

the provisions in Schedule 5 were not brought into force, an

 

(ii)    

the rate of corporation tax were to be changed to 26%.”

 

Member’s explanatory statement

 

This requires a review of the effects of Schedule 5, and a comparison of the effects of that Schedule

 

to an increase of the rate of corporation tax to 26%.

 



 
 

Notices of Amendments: 6 December 2018                  

12

 

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: 6 December 2018                  

13

 

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: 6 December 2018                  

14

 

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.

 



 
PreviousBack to StartNext
 

Revised 06 December 2018