Vote Bundle Text (990518-02)

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

151

Clause 42, page 22, leave out lines 36 to 43.

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

131

Clause 42, page 23, line 8, leave out '£500' and insert '£1000'.

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

152

Clause 42, page 23, line 23, at end insert—

'(2A) In section 257C of that Act before "257" there shall be inserted "156A,".'.

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

Clause 44, page 23, line 43, leave out '15' and insert '13'.

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

132

Clause 45, page 24, line 21, leave out 'large'.

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

133

Clause 45, page 24, line 24, leave out '"large"'.

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

Clause 45, page 24, line 25, leave out '17' and insert '9'.

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

134

Clause 45, page 24, line 25, leave out '17' and insert '12'.

Mr Michael Jack

160

*Clause 45, page 24, line 25, leave out '17' and insert '8'.

Mr Michael Jack

161

*Clause 45, page 24, line 25, leave out '17' and insert '10'.

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

Clause 45, page 24, line 27, at end insert 'or part of a journey'.

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

135

Clause 45, page 24, line 29, at end insert 'or,

(c) between a pre-arranged pick up point at which more than two employees are collected by the bus service and workplace,'.

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

144

Clause 45, page 24, line 29, at end insert 'or (c) between the workplace and centres with available public shopping facilities,'.

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

148

Clause 45, page 24, line 37, leave out 'only' and insert 'mainly'.

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

146

Clause 45, page 24, line 37, after 'employees,' insert 'or children of employees'.

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

147

Clause 45, page 24, line 39, after 'employees,' insert 'or children of those employees'.

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

149

Clause 45, page 24, line 39, leave out 'only' and insert 'mainly'.

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

Clause 45, page 25, line 20, leave out '17' and insert '9'.

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

Clause 45, page 25, line 22, at end insert 'or part of a journey'.

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

145

Clause 45, page 25, line 24, at end insert 'or

Mr Michael Jack

162

*Clause 45, page 25, line 37, leave out from begining to end of section.

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

136

Clause 45, page 25, line 37, leave out 'substantial'.

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

150

Clause 45, page 25, line 39, leave out 'only' and insert 'mainly'.

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

143

Clause 47, page 26, leave out lines 39 to 42.

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

137

Clause 47, page 27, leave out lines 1 to 9.

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

Clause 47, page 27, line 5, at end insert 'or part of a journey.'.

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

Schedule 6, page 107, line 31, leave out from beginning to 'receives' in line 2 and insert—

'This Schedule applies where a person receives or pays a reverse premium.

(2) For the purposes of this Schedule a person receives a reverse premium where—

(a) he'.

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

Schedule 6, page 107, line 38, leave out 'and'.

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

Schedule 6, page 107, line 44, at end insert 'and

(d) that sum is intended to recompense that person for costs to be incurred by him in making the estate, interest or right fit for use in his business, or for rent to be paid by him during the period of the lease.'.

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

113

Schedule 6, page 107, line 44, at end insert—

'(d) for the purposes of this paragraph—

(i) the term "other benefit" does not extend to any notional consideration foregone or deferred by the lessor or other provider;

(ii) in circumstances in which any condition of a lease other than the provision for rent turned out to be onerous, and that lease were cancelled and replaced by a new lease without the onerous condition, that would not constitute a benefit by way of inducement to the tenant to enter into the new lease.

(iii) a contribution to a tenant's fitting out costs shall be regarded as reverse premium.

(iv) for the purposes of sub paragraph (iii) above, fitting out costs means expenditure incurred on tenant's fixtures and trade chattels which do not affect the value of the freehold reversion.'.

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

Schedule 6, page 107, line 45, leave out sub-paragraph (2) and insert—

'(3) Where a person receives a reverse premium within the meaning of subparagraph (2) above, the person who pays or otherwise provides the benefit received by the recipient is treated for the purpose of this Schedule as having paid a reverse premium'.

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

Schedule 6, page 107, line 46, at end insert—

'(2A) The value of a rent-free period is not a reverse premium for the purposes of this Schedule.'.

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

Schedule 6, page 108, line 3, after 'receipt', insert 'or payment'.

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

Schedule 6, page 108, line 13, at end insert—

'Capital allowances

2A. A receipt which would in the absence of this paragraph be treated as a reverse premium by virtue of this Schedule shall not be regarded as a reverse premium to the extent that by virtue of receiving the receipt the recipient is regarded under section 153(1) of the Capital Allowances Act 1990 as not incurring expenditure.'.

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

142

Schedule 6, page 108, line 13, at end insert—

'Tax treatment of payments by way of reverse premiums

2A—(1) A reverse premium shall be regarded for the purposes of the Tax Acts as a payment of a revenue nature.

(2) Where a person pays a reverse premium which is entered into for the purposes of a trade, profession, or vocation carried on or to be carried on by that person, the revenue premium shall be deducted in computing the profits to be charged under case I or II of Schedule D.

(3) If subparagraph (2) does not apply, the person paying the premium shall deduct that payment as if it were a transaction entered into by him for a business carried on for the exploitation, as a source of rents or other receipts, of an estate,interest or right in or over the land in question.'.