Session 2019-21
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Other Bills before Parliament


 
 

1

 

House of Commons

 
 

Notices of Amendments

 

given up to and including

 

Monday 1 June 2020

 

New Amendments handed in are marked thus Parliamentary Star

 

Parliamentary Star - whiteAmendments which will comply with the required notice period at their next appearance

 

Amendments tabled since the last publication: 4 to 23 and NC2 to NC18

 

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withdrawn amendments at the end.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: 1 June 2020                     

2

 

Finance Bill, continued

 
 

Bridget Phillipson

 

Wes Streeting

 

Jeff Smith

 

5

 

Parliamentary Star    

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

 

Parliamentary Star    

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.

 


 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

8

 

Parliamentary Star    

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.


 
 

Notices of Amendments: 1 June 2020                     

3

 

Finance Bill, continued

 
 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

9

 

Parliamentary Star    

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.

 


 

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.


 
 

Notices of Amendments: 1 June 2020                     

4

 

Finance Bill, continued

 
 

(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

 

4

 

Parliamentary Star    

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

 

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

 

devolved nations.

 



 
 

Notices of Amendments: 1 June 2020                     

5

 

Finance Bill, continued

 
 

Bridget Phillipson

 

Wes Streeting

 

Jeff Smith

 

7

 

Parliamentary Star    

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

 

Parliamentary Star    

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

 

11

 

Parliamentary Star    

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

 

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.

 



 
 

Notices of Amendments: 1 June 2020                     

6

 

Finance Bill, continued

 
 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

12

 

Parliamentary Star    

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

 

16

 

Parliamentary Star    

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 section 94, 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 section 94;

 

(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.


 
 

Notices of Amendments: 1 June 2020                     

7

 

Finance Bill, continued

 
 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

14

 

Parliamentary Star    

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

 

Parliamentary Star    

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.

 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

13

 

Parliamentary Star    

Page  76,  line  29,  leave out Clause 94

 


 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

17

 

Parliamentary Star    

Clause  95,  page  77,  line  5,  after ‘tax’, insert ‘which is due at the relevant date from

 

the debtor and which became due in the 12 months immediately preceding that date, and/’.

 

Member’s explanatory statement

 

This amendment seeks to limit the extent of HMRC’s status as a preferential creditor in

 

insolvencies by preventing the policy from being applied retrospectively and by limiting that

 

preference to only those taxes which became due in the 12 months before the relevant date as given

 

in the Bill (1st December 2020).


 
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Revised 01 June 2020