1

House of Commons

Notices of Amendments

given up to and including

Tuesday 11 December 2018

New Amendments handed in are marked thus

Amendments which will comply with the required notice period at their next appearance

Amendments tabled since the last publication: 1 and NC1 to NC5

Consideration of Bill (Report Stage)

Finance (No. 3) Bill, As Amended

Note

This document includes all amendments tabled to date and includes any

withdrawn amendments at the end. The amendments have been arranged in the

order in which they relate to the Bill.

Jeremy Corbyn

John McDonnell

Peter Dowd

Jonathan Reynolds

Anneliese Dodds

Mr Nicholas Brown

Clive Lewis

Lyn Brown

Thelma Walker

NC1

To move the following Clause—

“Impact of provisions of section 5 on child poverty and equality

(1)    

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

section 5 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 impact of the changes made by

section 5 on—

(a)    

households at different levels of income,

Notices of Amendments: 11 December 2018                  

2

Finance (No. 3) Bill, continued

(b)    

people with protected characteristics (within the meaning of the Equality

Act 2010),

(c)    

the Treasury’s compliance with the public sector equality duty under

section 149 of the Equality Act 2010,

(d)    

different parts of the United Kingdom and different regions of England,

and

(e)    

levels of relative and absolute child poverty in the United Kingdom.

(3)    

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 would require the Chancellor of the Exchequer to review the impact of clause 5

on child poverty and equality.

Jeremy Corbyn

John McDonnell

Peter Dowd

Jonathan Reynolds

Anneliese Dodds

Mr Nicholas Brown

Clive Lewis

Lyn Brown

Thelma Walker

NC2

To move the following Clause—

“Review of the effectiveness of entrepreneurs’ relief

(1)    

Within twelve months of the passing of this Act, the Chancellor of the Exchequer

must review the effectiveness of the changes made to entrepreneurs’ relief by

Schedule 15, against the stated policy aims of that relief.

(2)    

A review under this section must consider—

(a)    

the overall number of entrepreneurs in the UK,

(b)    

the annual cost of entrepreneurs’ relief,

(c)    

the annual number of claimants per year,

(d)    

the average cost of relief paid per claim, and

(e)    

the impact on productivity in the UK economy.”

Member’s explanatory statement

This new clause would require the Chancellor of the Exchequer to review the effectiveness of the

changes made to entrepreneurs’ relief by Schedule 15.

Notices of Amendments: 11 December 2018                  

3

Finance (No. 3) Bill, continued

Jeremy Corbyn

John McDonnell

Peter Dowd

Mr Nicholas Brown

Clive Lewis

Anneliese Dodds

Jonathan Reynolds

Lyn Brown

Thelma Walker

NC3

To move the following Clause—

“Review of powers in consequence of EU withdrawal

The Chancellor of the Exchequer must, no later than a week after the passing of

this Act and before exercising the power in Section 89(1), lay before the House

of Commons a review of the following matters—

(a)    

the fiscal and economic effects of the exercise of the powers in section

89(1) and of the outcome of negotiations for the United Kingdom’s

withdrawal from the European Union giving rise to their exercise;

(b)    

a comparison of those fiscal and economic effects with the effects if a

negotiated withdrawal agreement and a framework for a future

relationship with the EU had been agreed to;

(c)    

any differences in the exercise of those powers in respect of—

(i)    

Great Britain, and

(ii)    

Northern Ireland;

(d)    

any differential effects in relation to the matters specified in paragraphs

(a) and (b) in relation between—

(i)    

Great Britain, and

(ii)    

Northern Ireland.”

Member’s explanatory statement

This new clause would require the Chancellor of the Exchequer to review the fiscal and economic

effects of the exercise of the powers in clause 89(1) before exercising those powers.

Jeremy Corbyn

Peter Dowd

Anneliese Dodds

Jonathan Reynolds

Clive Lewis

Jeff Smith

NC4

To move the following Clause—

“Review of late payment interest rates in respect of promoters of tax

avoidance schemes

(1)    

The Chancellor of the Exchequer must review the viability of increasing any

relevant interest rate charged by virtue of the specified provisions on the late

payment of penalties for the promoters of tax avoidance schemes to 6.1% per

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

months of the passing of this Act.

Notices of Amendments: 11 December 2018                  

4

Finance (No. 3) Bill, continued

(2)    

In this section, “the specified provisions” means—

(a)    

section 178 of FA 1989, and

(b)    

sections 101 to 103 of FA 2009.”

Member’s explanatory statement

This new clause would require the Chancellor of the Exchequer to review the viability of

increasing interest rates on the late payment of penalties for the promoters of tax avoidance

schemes to 6.1%.

Debbie Abrahams

NC5

To move the following Clause—

“Review of public health and poverty effects

(1)    

The Chancellor of the Exchequer must review the public health and poverty

effects of the provisions of this Act 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 effects of the provisions of this Act on the levels of relative and

absolute poverty in the UK,

(b)    

the effects of the provisions of this Act on life expectancy and healthy life

expectancy in the UK, and

(c)    

the implications for the public finances of the public health effects of the

provisions of this Act.”

Jeremy Corbyn

John McDonnell

Peter Dowd

Mr Nicholas Brown

Clive Lewis

Anneliese Dodds

Jonathan Reynolds

Lyn Brown

Thelma Walker

1

Clause  89,  page  66,  line  38,  at end insert—

“(1A)    

The Chancellor of the Exchequer must, no later than a week after the passing of

this Act and before exercising the power in subsection (1), lay before the House

of Commons a review of the following matters—

(a)    

the fiscal and economic effects of the exercise of those powers and of the

outcome of negotiations for the United Kingdom’s withdrawal from the

European Union giving rise to their exercise;

(b)    

a comparison of those fiscal and economic effects with the effects if a

negotiated withdrawal agreement and a framework for a future

relationship with the EU had been agreed to;

(c)    

any differences in the exercise of those powers in respect of—

(i)    

Great Britain, and

(ii)    

Northern Ireland;

Notices of Amendments: 11 December 2018                  

5

Finance (No. 3) Bill, continued

(d)    

any differential effects in relation to the matters specified in paragraphs

(a) and (b) in relation between

(i)    

Great Britain, and

(ii)    

Northern Ireland.”

Member’s explanatory statement

This amendment would require the Chancellor of the Exchequer to review the fiscal and economic

effects of the exercise of the powers in subsection (1) before exercising those powers.

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);

(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.

Notices of Amendments: 11 December 2018                  

6

Finance (No. 3) Bill, continued

6.    

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

proceedings in Committee of the whole House.

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.