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House of Commons

Notices of Amendments

given up to and including

Wednesday 20 May 2020

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 to 3

Public Bill Committee

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withdrawn amendments at the end.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 Order to be proposed by Jesse Norman.

Jesse Norman

To move, That the Bill be considered in the following order, namely: 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.

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.

Notices of Amendments: 20 May 2020                     

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Finance Bill, continued

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.

Jesse Norman

3

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.

Notices of Amendments: 20 May 2020                     

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Finance Bill, continued

Jesse Norman

NC1

To move the following Clause—

“Workers’ services provided through intermediaries

Schedule (Workers’ services provided through intermediaries) makes provision

about workers’ services provided through intermediaries.”

Member’s explanatory statement

This new clause introduces the new Schedule inserted by NS1.

Jesse Norman

NS1

To move the following Schedule—

“Schedule

Workers’ services provided through intermediaries

Part 1

Amendments to Chapter 8 of Part 2 of ITEPA 2003

1          

Chapter 8 of Part 2 of ITEPA 2003 (application of provisions to workers under

arrangements made by intermediaries) is amended as follows.

2          

For the heading of the Chapter substitute “Workers’ services provided through

intermediaries to small clients”.

3    (1)  

Section 48 (scope of Chapter) is amended as follows.

      (2)  

In subsection (1) for the words from “, but” to the end substitute “in a case

where the services are provided to a person who is not a public authority and

who either—

(a)    

qualifies as small for a tax year, or

(b)    

does not have a UK connection for a tax year.”

      (3)  

After subsection (3) insert—

“(4)    

For provisions determining when a person qualifies as small for a tax

year, see sections 60A to 60G.

(5)    

For provision determining when a person has a UK connection for a

tax year, see section 60I.”

4    (1)  

Section 50 (worker treated as receiving earnings from employment) is

amended as follows.

      (2)  

In subsection (1) before paragraph (a) insert—

“(za)    

the client qualifies as small or does not have a UK

connection,”.

      (3)  

After subsection (4) insert—

“(5)    

The condition in paragraph (za) of subsection (1) is to be ignored if—

(a)    

the client concerned is an individual, and

Notices of Amendments: 20 May 2020                     

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Finance Bill, continued

(b)    

the services concerned are performed otherwise than for the

purposes of the client’s business.

(6)    

For the purposes of paragraph (za) of subsection (1) the client is to be

treated as not qualifying as small for the tax year concerned if the

client is treated as medium or large for that tax year by reason of

section 61TA(3)(a).”

5          

After section 60 insert—

“When a person qualifies as small for a tax year

60A    

When a company qualifies as small for a tax year

(1)    

For the purposes of this Chapter, a company qualifies as small for a tax

year if one of the following conditions is met (but this is subject to

section 60C).

(2)    

The first condition is that the company’s first financial year is not

relevant to the tax year.

(3)    

The second condition is that the small companies regime applies to the

company for its last financial year that is relevant to the tax year.

(4)    

For the purposes of this section, a financial year of a company is

“relevant to” a tax year if the period for filing the company’s accounts

and reports for the financial year ends before the beginning of the tax

year.

(5)    

Expressions used in this section and in the Companies Act 2006 have

the same meaning in this section as in that Act.

60B    

When a company qualifies as small for a tax year: joint ventures

(1)    

This section applies when determining for the purposes of section

60A(3) whether the small companies regime applies to a company for

a financial year in a case where—

(a)    

at the end of the financial year the company is jointly

controlled by two or more other persons, and

(b)    

one or more of those other persons are undertakings (“the joint

venturer undertakings”).

(2)    

If the company is a parent company, the joint venturer undertakings

are to be treated as members of the group headed by the company.

(3)    

If the company is not a parent company, the company and the joint

venturer undertakings are to be treated as constituting a group of

which the company is the parent company.

(4)    

In this section the expression “jointly controlled” is to be read in

accordance with those provisions of international accounting

standards which relate to joint ventures.

(5)    

Expressions used in this section and in the Companies Act 2006 have

the same meaning in this section as in that Act.