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Robinson, Peter (Belfast E)

Rooney, Terry

Salmond, Alex

Sheerman, Barry

Simpson, Alan

Skinner, Dennis

Smith, Llew (Blaenau Gwent)

Steinberg, Gerry

Taylor, Matthew (Truro)

Tyler, Paul

Wallace, James

Welsh, Andrew

Wigley, Dafydd

Tellers for the Noes: Mr. Archy Kirkwood and Mr. Simon Hughes.

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Question accordingly agreed to.

13. Vehicle Excise Duty (General)

Resolved,

That provision may be made amending the Vehicle Excise and Registration Act 1994.

14. Value Added Tax (Works of Art, Antiques, Etc.)

Resolved,

That provision may be made amending section 21 of the Value Added Tax Act 1994 as to the value to be given for the purposes of that Act to imported works of art, antiques and collectors' pieces.

15. Value Added Tax (Agents)

Resolved,

That provision may be made amending section 47 of the Value Added Tax Act 1994 in relation to goods supplied by an agent who acts in his own name.

16. Value added tax (margin schemes)

Resolved,

That provision may be made for enabling value added tax on some or all of the following supplies to be chargeable by reference to profit margins, instead of by reference to the value of the supplies, that is to say--

(a) supplies of works of art, antiques or collectors' items; (b) supplies of motor vehicles;

(c) supplies of second-hand goods; and

(d) any supply of goods through a person who acts as an agent, but in his own name, in relation to the supply.

17. Value Added Tax (Set-Off of Credits)

Resolved,

That provision may be made amending section 81 of the Value Added Tax Act 1994 with respect to the circumstances in which amounts due to any person from the Commissioners of Customs and Excise under that Act may be set against sums which that person is liable to pay under that Act.

18. Value Added Tax (Land Transactions)

Resolved,

That provision may be made amending the Value Added Tax Act 1994 in relation to cases where there is a supply consisting in the grant, assignment or surrender of an interest in or right over land and the grant, assignment or surrender is made by, or the benefit of the consideration for the supply accrues to, more than one person.

19. Value Added Tax (Fuel Supplied for Private Use)

Resolved,

That section 57 of the Value Added Tax Act 1994 may be amended by--

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(a) providing for the determination of the consideration appropriate to a vehicle where the prescribed accounting period is a period of 12 months;

(b) increasing the consideration appropriate to a vehicle where the prescribed accounting period is a period of 3 months or a period of one month.

20. Value Added Tax (Deemed Supplies)

Resolved,

That section 30(5) of the Value Added Tax Act 1994 (which treats transactions included in Schedule 8 as supplies) may be replaced by a provision dealing only with exports by charities.

21. Value Added Tax (Penalties)

Resolved,

That--

(1) In section 67 of the Value Added Tax Act 1994 in subsection (4) (the specified percentage)--

(a) in paragraph (a) for "10 per cent." there shall be substituted "5 per cent.";

(b) in paragraph (b) for "20 per cent." there shall be substituted "10 per cent."; and

(c) in paragraph (c) for "30 per cent." there shall be substituted "15 per cent."

(2) Section 15(3A) of the Finance Act 1985 shall have effect subject to the amendments made by paragraph (1) above.

(3) Subject to paragraph (4) below, paragraphs (1) and (2) above shall apply where a penalty is assessed on or after 1st January 1995.

(4) Paragraphs (1) and (2) above shall not apply in the case of a supplementary assessment if the original assessment was made before 1st January 1995.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

22. Value Added Tax (Minor Corrections)

Resolved,

That provision (including provision having retrospective effect) may be made amending provisions of the Value Added Tax Act 1994 that would otherwise have a different effect from the provisions they were intended to re-enact.

23. Income Tax (Charge and Rates for 1995-96)

Resolved,

That--

(1) Income tax shall be charged for the year 1995-96, and for that year--

(a) the lower rate shall be 20 per cent.,

(b) the basic rate shall be 25 per cent., and

(c) the higher rate shall be 40 per cent.

(2) For the year 1995-96 section 1(2) of the Income and Corporation Taxes Act 1988 shall apply as if the amount specified in paragraph (aa) were £3,200; and accordingly section 1(4) of that Act so far as relating to that paragraph shall not apply for the year 1995-96.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

24. Income Tax (Personal Allowance)

Resolved,

That section 257 of the Income and Corporation Taxes Act 1988 shall apply for the year 1995-96 as if--

(a) the amount specified in subsection (2) were £4,630, and (b) the amount specified in subsection (3) were £4,800; and accordingly section 257C(1) of that Act so far as relating to section 257(2) and (3) shall not apply for the year 1995-96. And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

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25. Income Tax (Schedule A)

Resolved,

That provision may be made about income tax charged under Schedule A and for applying provisions relating to Schedule A to the charge to tax under Case V of Schedule D.

26. Corporation Tax (Charge and Rate for Financial Year 1995)

Resolved,

That corporation tax shall be charged for the financial year 1995 at the rate of 33 per cent.

27. Corporation Tax (Small Companies: 1995)

Resolved,

That for the financial year 1995--

(a) the small companies' rate shall be 25 per cent., and (b) the fraction mentioned in section 13(2) of the Income and Corporation Taxes Act 1988 shall be one fiftieth.

28. Corporation Tax (Distributions)

Resolved,

That provision may be made as to the meaning of "distribution" for the purposes of the Corporation Tax Acts.

29. Change in Ownership of Investment Company

Resolved,

That charges to corporation tax may be imposed by provisions about cases where there is a change in the ownership of an investment company.

30. Insurance Companies

Resolved,

That provision (including provision having retrospective effect) may be made for cases where companies carry on insurance business and in relation to transfers of insurance business between companies.

31. Open-Ended Investment Companies

Resolved,

That provision may be made in relation to open-ended investment companies, to holdings in and assets of such companies and to transactions involving such companies.

32. Contractual Savings Schemes

Resolved,

That provision may be made in relation to contractual savings schemes.

33. Personal Equity Plans

Resolved,

That provision may be made about plan managers of personal equity plans.

34. Enterprise Investment Scheme

Resolved,

That provision may be made about the enterprise investment scheme.

35. Personal Pension Arrangements

Resolved,

That provision may be made imposing a charge to tax on sums payable under approved personal pension arrangements.

36. Retirement Benefits Schemes

Resolved,

That provision (including provision having retrospective effect) may be made about retirement benefits schemes.

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37. Chargeable Gains (De-Grouping Charges)

Resolved,

That provision may be made amending section 179 of the Taxation of Chargeable Gains Act 1992.

38. Chargeable Gains (Roll-Over Relief: Groups of Companies)

Resolved,

That provision (including provision having retrospective effect) may be made about roll-over relief in cases involving members of a group of companies.

39. Chargeable Gains (Roll-Over Relief on Re-Investment)

Resolved,

That provision (including provision having retrospective effect) may be made about roll-over relief on re-investment.

40. Chargeable Gains (Corporate Bonds)

Resolved,

That provision may be made about the meaning of "corporate bond" for the purposes of section 117 of the Taxation of Chargeable Gains Act 1992.

41. Currency Contracts

Resolved,

That charges (including charges by reference to existing contracts) may be imposed by provisions amending section 175 of the Finance Act 1994.

42. Controlled Foreign Companies

Resolved,

That provision (including provision having retrospective effect) may be made amending Chapter IV of Part XVII of the Income and Corporation Taxes Act 1988 and the corresponding provisions of the Finance Act 1984.

43. Exchange gains and losses (general)

Resolved,

That Chapter II of Part II of the Finance Act 1993 may be amended.

44. Exchange Gains and Losses (Transitional)

Resolved,

That provision may be made about disposals between companies with different commencement days for the purposes of section 165 of the Finance Act 1993.

45. Interest, Etc. on Certain Debts

Resolved,

That provision may be made extending the application of sections 63 to 66 of the Finance Act 1993.

46. Abolition of Interest Relief for Commercially Let Property

Resolved,

That provision may be made abolishing interest relief in respect of property that is commercially let.

47. MIRAS (Recovery of Certain Amounts)

Resolved,

That provision may be made for the recovery of amounts deducted by borrowers from payments of interest or paid to borrowers by the Commissioners of Inland Revenue.

48. Settlements and Settlors

Resolved,

That provision may be made about settlements and settlors.

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