Vote Bundle Text (990506-02)

Amendments proposed to the Finance Bill - continued	House of Commons

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Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald

Schedule 2, page 94, line 48, leave out 'appears to them to be' and insert 'is'.

Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable

Schedule 2, page 94, line 49, at end insert—

'2(A) The powers given to the Commissioners by virtue of subsection (2) above shall not be exercisable simply on the grounds that a body corporate is a partly exempt company.'.

Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald

Schedule 2, page 95, line 1, leave out 'it appears to the Commissioners that'.

Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald

Schedule 2, page 95, line 15, at end insert—

'(5) For the purposes of subsection (2) above the term "necessary for the protection of the revenue" has the meaning set out in regulations made by the Commissioners under this section, and the Commissioners may not give notice of termination under subsection (1) above before such regulations have been made.

(6) No regulations shall be made under this section unless a draft of them has been laid before and approved by a resolution of the House of Commons.'.

Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald

Schedule 2, page 95, line 26, leave out from 'unless' to end of line 28 and insert 'it is satisfied that the grounds stated in section 43B(5)(c) do not apply.'.

Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald

Schedule 2, page 95, line 40, leave out from 'unless' to end of line 42 and insert 'it is satisfied that the conditions in section 43C(2) do not apply.'.

Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald

Schedule 2, page 95, line 48, leave out from 'unless' to end of line 50 and insert 'it is satisfied that the conditions in section 43C(3) do not apply.'.

Mr Nick St. Aubyn

*Clause 17, page 7, line 32, leave out 'cease to have effect' and insert 'be replaced by the following:

"(3) Where a body is primarily engaged as an auctioneer or dealer in works of art which fall within the definition of objects contained in Group 11 of Schedule 9 to this Act—

(a) the said body is not to be treated as carrying on a business (and accordingly any sale where the said body acts either as agent or as principal shall not be treated as a supply) and

(b) for the purposes of the 6th VAT Directive of the European Union dated 17 May 1977 (as amended) it is deemed that—

(i) the said body is not a tenable person within the meaning of Article 2.1

(ii) the transfer of ownership of any work of art where the said body acts as either agent or principal is not an economic activity within the scope of Article 4.1 and is not an exploitation in tangible property within the scope of Article 4.2

(iii) the said body is recognised by the United Kingdom as a cultural body within the terms of Article 13 4.1(a) whose activities shall not be likely to cause distortions of competition such as to place at a disadvantage commercial entities liable to VAT.".'

Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable

Clause 19, page 9, line 12, leave out '20' and insert '10'.

Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable

Clause 20, page 10, line 7, leave out '10' and insert '0'.