Session 2019-21
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Notices of Amendments: 2 June 2020                     

8

 

Finance Bill, continued

 
 

(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

 

13

 

Parliamentary Star - white    

Page  76,  line  29,  leave out Clause 94

 


 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

17

 

Parliamentary Star - white    

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).

 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

18

 

Parliamentary Star - white    

Clause  95,  page  77,  line  6,  after “deduction”, insert “from a payment made by the

 

debtor in the period of 12 months immediately preceding the relevant date.”

 

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).


 
 

Notices of Amendments: 2 June 2020                     

9

 

Finance Bill, continued

 
 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

19

 

Parliamentary Star - white    

Clause  95,  page  77,  line  29,  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).

 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

20

 

Parliamentary Star - white    

Clause  95,  page  77,  line  30,  after “deduction”, insert “from a payment made by the

 

debtor in the period of 12 months immediately preceding the relevant date.”

 

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).

 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

21

 

Parliamentary Star - white    

Clause  95,  page  78,  line  9,  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).


 
 

Notices of Amendments: 2 June 2020                     

10

 

Finance Bill, continued

 
 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

22

 

Parliamentary Star - white    

Clause  95,  page  78,  line  10,  after “deduction”, insert “from a payment made by the

 

debtor in the period of 12 months immediately preceding the relevant date.”

 

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).

 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

23

 

Parliamentary Star - white    

Clause  95,  page  78,  line  26,  at end insert—

 

“(8)    

The amendments made by this section do not apply to any debt secured by a

 

floating charge in respect of monies were advanced to the debtor before 1

 

December 2020.”

 

Member’s explanatory statement

 

These amendments seek 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).

 


 

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.

 



 
 

Notices of Amendments: 2 June 2020                     

11

 

Finance Bill, continued

 
 

Ben Lake

 

Liz Saville Roberts

 

Hywel Williams

 

Alison Thewliss

 

Jonathan Edwards

 

Stephen Flynn

 

NC2

 

Parliamentary Star - white    

To move the following Clause—

 

         

“Review of geographical effects of provisions of Sections 27 to 30

 

The Chancellor of the Exchequer must within twelve months of the passing of this

 

Act lay before both Houses of Parliament a report assessing the differential

 

geographical effects, broken down by nation and NUTS 1 statistical region, of the

 

changes made by sections 27 to 30 of this Act.”

 

Member’s explanatory statement

 

This new clause would require a geographical impact assessment of the clauses of the Bill relating

 

to reliefs for business.

 


 

Bridget Phillipson

 

Wes Streeting

 

Jeff Smith

 

NC3

 

Parliamentary Star - white    

To move the following Clause—

 

         

“Review of impact of Act on nations and regions of the UK

 

(1)    

The Chancellor of the Exchequer must conduct an impact assessment of this Act

 

on the different parts of the United Kingdom and regions of England, and lay this

 

before the House of Commons within six months of Royal Assent.

 

(2)    

This assessment must consider the impact on:

 

(a)    

Household incomes in each part of the United Kingdom and region of

 

England; and

 

(b)    

GDP in each part of the United Kingdom and region of England;

 

(3)    

In this section—

 

“parts of the United Kingdom” means—

 

(a)    

England,

 

(b)    

Scotland,

 

(c)    

Wales, and

 

(d)    

Northern Ireland;

 

and “regions of England” has the same meaning as that used by the Office

 

of National Statistics.”

 

Member’s explanatory statement

 

This new clause would require the Chancellor of the Exchequer to review the impact of this Bill on

 

the nations and regions of the UK.

 



 
 

Notices of Amendments: 2 June 2020                     

12

 

Finance Bill, continued

 
 

Bridget Phillipson

 

Wes Streeting

 

Jeff Smith

 

NC4

 

Parliamentary Star - white    

To move the following Clause—

 

         

“Review of impact of Act on the environment

 

(1)    

The Chancellor of the Exchequer must conduct an assessment of the impact of

 

this Act on the environment, and lay this before the House of Commons within

 

six months of Royal Assent.

 

(2)    

This assessment must consider the impact on:

 

(a)    

the United Kingdom’s ability to achieve the 2050 target for net zero

 

carbon emissions,

 

(b)    

the United Kingdom’s ability to comply with its third, fourth and fifth

 

carbon budgets,

 

(c)    

air quality standards, and

 

(d)    

biodiversity.”

 

Member’s explanatory statement

 

This new clause would require the Chancellor of the Exchequer to review the impact of the Bill on

 

the environment.

 


 

Bridget Phillipson

 

Wes Streeting

 

Jeff Smith

 

NC5

 

Parliamentary Star - white    

To move the following Clause—

 

         

“Review of impact of Act on equalities

 

(1)    

The Chancellor of the Exchequer must conduct an equality impact assessment of

 

the Act, and lay this before the House of Commons within six months of Royal

 

Assent.

 

(2)    

This assessment must consider the possible impacts of this Act on individuals and

 

groups with protected characteristics under the Equality Act 2010.”

 

Member’s explanatory statement

 

This new clause would require the Chancellor of the Exchequer to review the impact of the Bill on

 

equalities.

 



 
 

Notices of Amendments: 2 June 2020                     

13

 

Finance Bill, continued

 
 

Bridget Phillipson

 

Wes Streeting

 

Jeff Smith

 

NC6

 

Parliamentary Star - white    

To move the following Clause—

 

         

“Review of tax reliefs

 

The Chancellor must lay before the House of Commons within a year of Royal

 

Assent a review of the tax reliefs contained in this Act which must contain the

 

following:

 

(1)    

the number of tax reliefs;

 

(2)    

the effect on taxation revenue of each of the tax reliefs; and

 

(3)    

an assessment the efficacy of systems for designing, monitoring and evaluating

 

the effect of the tax reliefs.”

 

Member’s explanatory statement

 

This new clause would require the Chancellor of the Exchequer to report to Parliament on the

 

number and revenue effect of the tax reliefs contained in the Bill, and on the efficiency of systems

 

for designing, and assessing the effects of, such reliefs.

 


 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

NC7

 

Parliamentary Star - white    

To move the following Clause—

 

         

“Loan charge: report on effect of the scheme

 

(1)    

The Chancellor of the Exchequer must commission a review, to be carried out by

 

an independent panel, of the impact in parts of the United Kingdom and regions

 

of England of the scheme established under sections 19 and 20 and lay the 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 provisions on—

 

(a)    

business investment,

 

(b)    

employment,

 

(c)    

productivity, and

 

(d)    

company solvency.

 

(3)    

A review under this section must consider the fairness with which HMRC has

 

implemented the policy, including whether HMRC has provided reasonable

 

flexibility around repayment plans with the aim of avoiding business failures and

 

individual bankruptcies.


 
 

Notices of Amendments: 2 June 2020                     

14

 

Finance Bill, continued

 
 

In this section “parts of the United Kingdom” means—

 

(a)    

England,

 

(b)    

Scotland,

 

(c)    

Wales, and

 

(d)    

Northern Ireland;

 

and “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 a review of the impact of the scheme to be established under

 

Clauses 19 and 20.

 


 

Alison Thewliss

 

Patrick Grady

 

Owen Thompson

 

Stephen Flynn

 

Peter Grant

 

Alan Brown

 

NC8

 

Parliamentary Star - white    

To move the following Clause—

 

         

“Review of changes to entrepreneurs’ relief

 

(1)    

The Chancellor of the Exchequer must review the impact on investment in parts

 

of the United Kingdom and regions of England of the changes made to

 

entrepreneur’s relief by section 22 and Schedule 2 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 the effects of the provisions on—

 

(a)    

business investment,

 

(b)    

employment, and

 

(c)    

productivity.

 

(3)    

In this section—

 

“parts of the United Kingdom” means—

 

(a)    

England,

 

(b)    

Scotland,

 

(c)    

Wales, and

 

(d)    

Northern Ireland;

 

and “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 a review of the impact on investment of the changes made to

 

entrepreneurs’ relief.

 



 
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Revised 03 June 2020