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House of Commons

Thursday 4 June 2020

Public Bill Committee

New Amendments handed in are marked thus

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

Finance Bill

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withdrawn amendments at the end.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 Resolution of the Programming Sub-Committee.

Resolution of the Programming Sub-Committee

The Programming Sub-Committee appointed by the Speaker in respect of the Bill

agreed the following Resolution at its meeting on Tuesday 2 June (Standing Order 83C):

That—

(1)  

the Committee shall (in addition to its first meeting at 11.30am on Thursday

4 June) meet—

(a)  

at 2.00pm on Thursday 4 June;

(b)  

at 9.25am and 2.00pm on Tuesday 9 June;

(c)  

at 11.30 and 2.00pm on Thursday 11 June;

(d)  

at 9.25am and 2.00pm on Tuesday 16 June;

(e)  

at 11.30 and 2.00pm on Thursday 18 June;

(f)  

at 9.25am and 2.00pm on Tuesday 23 June;

(g)  

at 11.30 and 2.00pm on Thursday 25 June;

(2)  

the proceedings shall be taken in the following order: Clauses 1 to 15;

Schedule 1; Clauses 16 to 22; Schedule 2; Clauses 23 and 24; Schedule 3;

Clauses 25 to 29; Schedule 4; Clauses 30 and 31; Schedule 5; Clauses 32 and

33; Schedule 6; Clauses 34 to 55; Schedule 7; Clauses 56 to 65; Schedule 8;

Clauses 66 to 69; Schedule 9; Clauses 70 to 86; Schedule 10; Clauses 87 to

92; Schedule 11; Clauses 93 to 97; Schedule 12; Clause 98; Schedule 13;

Clause 99; Schedule 14; Clauses 100 to 105; new Clauses; new Schedules;

remaining proceedings on the Bill;

(3)  

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

conclusion at 5.00pm on Thursday 25 June.

Public Bill Committee: 4 June 2020                     

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Finance Bill, continued

Jesse Norman has given notice of his intention to move a motion in the terms of the

Resolution of the Programming Sub-Committee [Standing Order No. 83C].

Jesse Norman

To move, That, subject to the discretion of the Chair, any written evidence received by

the Committee shall be reported to the House for publication.

Bridget Phillipson

Wes Streeting

Jeff Smith

5

Clause  2,  page  1,  line  10,  at end insert—

“(2)    

The Government must lay before Parliament a review of the impact of the rates

of income tax for 2020-21 within six months of Royal Assent, which must

consider the following issues—

(a)    

the effect on taxation revenue of maintaining income tax rates for 2020-

2021; and

(b)    

the effect of income tax rates for 2020-2021 on annual income for the

following:

(i)    

Households below average income, and

(ii)    

High-net worth individuals as defined by HMRC.”

Member’s explanatory statement

This amendment would require the Government to assess the impact of the income tax rates in the

Bill on tax revenues and on households and individuals of different income levels.

Bridget Phillipson

Wes Streeting

Jeff Smith

6

Clause  5,  page  2,  line  18,  at end insert—

“(3)    

The Government must lay before Parliament within six months of Royal Assent

a review of current corporation tax rates which must contain an assessment of the

following—

(a)    

the effect on taxation revenue of maintaining the level of corporation tax

rates for 2020-2021; and

(b)    

the impact of the corporation tax rate structure on businesses of different

sizes.”

Member’s explanatory statement

This amendment would require the Government to assess the impact of the corporation tax rates

in the Bill on businesses of different sizes and on tax revenues.

Public Bill Committee: 4 June 2020                     

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Finance Bill, continued

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

8

Clause  12,  page  7,  line  2,  leave out ‘may’ and insert ‘must’.

Member’s explanatory statement

This amendment seeks to exempt all social security benefits from income tax.

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

9

Clause  12,  page  7,  line  4,  leave out from “benefits” to end of line 5.

Member’s explanatory statement

This amendment seeks to exempt all social security benefits from income tax.

Jesse Norman

1

Clause  15,  page  9,  line  8,  at end insert—

  “(11)  

The Commissioners for Her Majesty’s Revenue and Customs may by

regulations provide that sub-paragraph (7)(a) applies to a specified class of

persons as if the reference to 1 October 2020 were to such later date as is

specified.

    (12)  

In sub-paragraph (11) “specified” means specified in the regulations.”

Member’s explanatory statement

This amendment will allow HMRC to extend the deadline for making an election to split the loan

charge over three years for particular classes of person liable to the loan charge by virtue of

Schedule 11 to the Finance (No.2) Act 2017.

Jesse Norman

2

Clause  15,  page  10,  line  14,  at end insert—

  “(3F)  

The Commissioners for Her Majesty’s Revenue and Customs may by

regulations provide that sub-paragraph (3B)(a) applies to a specified class of

persons as if the reference to 1 October 2020 were to such later date as is

specified.

    (3G)  

In sub-paragraph (3F) “specified” means specified in the regulations.”

Member’s explanatory statement

This amendment will allow HMRC to extend the deadline for making an election to split the loan

charge over three years for particular classes of person liable to the loan charge by virtue of

Schedule 12 to the Finance (No.2) Act 2017.

Public Bill Committee: 4 June 2020                     

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Finance Bill, continued

Jesse Norman

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Clause  17,  page  13,  line  36,  at end insert—

“(5)    

The Commissioners for Her Majesty’s Revenue and Customs may by regulations

provide that this section applies to a specified class of persons as if—

(a)    

the references in this section to the end of September 2020 were to such

later time as is specified, and

(b)    

the reference in subsection (3)(b) to 1 October 2020 were to such later

date as is specified.

(6)    

In subsection (5) “specified” means specified in the regulations.”

Member’s explanatory statement

This amendment will allow HMRC to extend, for particular classes of person subject to the loan

charge, the period within which liability to income tax and capital gains tax for the tax year 2018-

19 may be discharged without incurring interest on those liabilities.

Ben Lake

Liz Saville Roberts

Hywel Williams

Alison Thewliss

Jonathan Edwards

Stephen Flynn

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Clause  35,  page  34,  line  3,  at end insert—

“(13)    

The Chancellor of the Exchequer must, no later than 5 April 2021, lay before the

House of Commons a report—

(a)    

analysing the fiscal and economic effects of Government relief under the

Enterprise Investment Scheme since the inception of the Scheme, and the

changes in those effects which it estimates will occur as a result of the

provisions of this Section, in respect of;

(i)    

each NUTS 1 statistical region of England and England as a

whole,

(ii)    

Scotland,

(iii)    

Wales, and

(iv)    

Northern Ireland;

(b)    

assessing how the Enterprise Investment Scheme is furthering efforts to

mitigate climate change, and any differences in the benefit of this funding

in respect of—

(i)    

each NUTS 1 statistical region of England and England as a

whole,

(ii)    

Scotland,

(iii)    

Wales, and

(iv)    

Northern Ireland; and

(c)    

evaluating the lessons that can be drawn from the effects of the Enterprise

Investment Scheme with respect to the encouragement of both private

and UK Government-backed venture capital funds in the devolved

nations of the UK.”

Member’s explanatory statement

This clause would require the Chancellor of the Exchequer to analyse the impact of the existing

EIS and the changes proposed in Clause 35 in terms of impact on the economy and geographical

reach; to assess the EIS’s support for efforts to mitigate climate change; and to evaluate the

Public Bill Committee: 4 June 2020                     

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Finance Bill, continued

Scheme’s lessons for the encouragement of UK Government-backed venture capital funds in the

devolved nations.

Bridget Phillipson

Wes Streeting

Jeff Smith

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Clause  70,  page  53,  line  8,  leave out “before the end of 2025” and insert “within a

year of Royal Assent and annually thereafter”.

Member’s explanatory statement

This amendment would require the Government to report on the DST annually.

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

10

Clause  79,  page  67,  line  25,  at end insert—

“(3)    

The Chancellor of the Exchequer must review the expected effects on public

health of the changes made to the Alcoholic Liquor Duties Act 1979 by this

Section 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 Government to review the impact of the proposed changes to

alcohol liquor duties on public health.

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

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Clause  80,  page  68,  line  5,  at end insert—

“(3)    

The Chancellor of the Exchequer must review the expected effects on public

health of the changes made to the TPDA 1979 by this Section and lay a report of

Public Bill Committee: 4 June 2020                     

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Finance Bill, continued

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 Government to review the expected impact of the revised rates

of duty on tobacco products on public health.

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

12

Clause  85,  page  72,  line  33,  after “supplies” insert “, including human breastmilk”.

Member’s explanatory statement

This amendment would ensure that vehicles carrying human breastmilk would benefit from the

exemption from Vehicle Excise Duty.

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

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Clause  94,  page  76,  line  33,  at end insert—

“(2)    

The Government must lay before the House of Commons by 9 September 2020 a

statement of the conditions under which it would consider it appropriate to vary

rates of import duty under this Section.”

Member’s explanatory statement

This amendment would require the Government to state the conditions under which it would

consider it appropriate to vary rates of import duty in an international trade dispute.

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

15

Clause  94,  page  76,  line  33,  at end insert—

“(2)    

No regulations under this section may be made unless a draft has been laid before

and approved by a resolution of the House of Commons.”

Member’s explanatory statement

This amendment would require the Government to seek the approval of the House before making

regulations varying rates of import duty in an international trade dispute.

Public Bill Committee: 4 June 2020                     

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Finance Bill, continued

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

16

Clause  94,  page  76,  line  33,  at end insert—

“(2)    

The Chancellor of the Exchequer must, no later than a month before any exercise

of the power in subsection (1), lay before the House of Commons a report

containing the following—

(a)    

an assessment of the fiscal and economic effects of the exercise of the

powers in subsection (1);

(b)    

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

UK being within the EU Customs Union;

(c)    

an assessment any differences in the exercise of those powers in respect

of—

(i)    

England,

(ii)    

Scotland,

(iii)    

Wales, and

(iv)    

Northern Ireland; and

(d)    

an assessment of any differential effects in relation to the matters

specified in paragraphs (a) and (b) between—

(i)    

England,

(ii)    

Scotland,

(iii)    

Wales, and

(iv)    

Northern Ireland.”

Member’s explanatory statement

This would require a review of the economic and fiscal impact of the use of the powers in section

94 including comparing those effects with EU Customs Union membership.

Alison Thewliss

Patrick Grady

Owen Thompson

Stephen Flynn

Peter Grant

Alan Brown

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Page  76,  line  29,  leave out Clause 94