S.C.B.
Amendment Paper as at
Tuesday 18th May 1999
STANDING COMMITTEE B
New Amendments handed in are marked thus *
FINANCE BILL
(Except Clauses 2, 28 and 99)
NOTE
The Amendments have been arranged in accordance with the Order of the Committee [4th May], as follows:—
Clause 1, Clauses 3 to 9, Schedule 1, Clauses 10 to 13, Schedule 2, Clauses 14 to 27, Schedule 3, Clauses 29 to 35, Schedule 4, Clauses 36 to 48, Schedule 5, Clauses 49 and 50, Schedule 6, Clauses 51 to 65, Schedule 7, Clause 66, Schedule 8, Clause 67, Schedule 9, Clauses 68 to 70, Schedule 10, Clauses 71 to 84, Schedule 11, Clauses 85 to 97, Schedule 12, Clause 98, Clauses 100 and 101, Schedules 13 and 14, Clause 102, Schedules 15 and 16, Clause 103, Schedule 17, Clause 104, Schedule 18, Clauses 105 to 108, Schedule 19, Clauses 109 to 129, New Clauses, New Schedules, Schedule 20.
Clause No. 19 (Starting rate).
53
Amendment (No. 53) proposed, in page 9, line 8, to leave out subsection (7).—(Mr David Heathcoat-Amory.)
Question proposed, That the Amendment be made:—
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
16
Clause 19, page 9, line 12, leave out '20' and insert '10'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
62
Clause 19, page 9, line 18, leave out subsections (8) and (9).
Mr Michael Jack
61
Clause 19, page 10, line 3, after '(12)', insert 'Subject to subsection (12A) below,'.
Mr Michael Jack
55
Clause 19, page 10, line 5, at end add—
'(12A) This section shall not come into effect unless the National Audit Office, within 3 months of Royal Assent being given to this Bill, has communicated to Parliament its opinion that this section represents good value for money to the taxpayer in respect of its ability to attract unemployed persons back to work.'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
63
Clause 19, page 10, line 5, at end add—
'(13)(a) Notwithstanding any other provision of the Income Tax Acts, an individual shall be charged to income tax at the starting rate on an amount of his income equal to the starting rate limit whatever the nature of that income.
(b) For the purposes of paragraph (a) above, income means total income as reduced by all deductions.
(c) Where the amount of income chargeable to income tax after deductions is less than the starting rate limit, paragraph (a) above shall apply only to the amount of income so chargeable.
(d) Where income tax at the lower rate has been borne on income chargeable at the starting rate any necessary repayment of tax shall be made on the making of a claim.'.
Mr Michael Jack
56
Page 8, line 28, leave out Clause 19.
Mr Michael Jack
57
Clause 20, page 10, leave out line 7.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
17
Clause 20, page 10, line 7, leave out '10' and insert '0'.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
66
Clause 21, page 10, line 13, leave out '5,720' and insert '5,900'.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
67
Clause 21, page 10, line 13, leave out '5,980' and insert '6,200'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
120
Clause 23, page 10, line 40, at end insert—
'(3A) After subsection (1AA) there shall be inserted—
"(1AB) Subsection (1AA) of this section shall not apply to trusts falling within paragraph 1(1) of Schedule 1 to this Act (trusts for disabled persons), and the capital gains of such trusts shall be taxed at the lower rate.".'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
119
Clause 23, page 11, line 5, at end insert—
'(5A) The following shall be inserted after section 88A(3)(d) of the Finance Act 1989 (lower corporation tax rate on certain insurance company profits)—
"(e) chargeable gains".'.
Mr Michael Jack
121
Clause 25, page 11, line 35, leave out '2'.
Mr Michael Jack
122
Clause 25, page 11, line 37, leave out '2'.
Mr Michael Jack
58
Clause 25, page 12, line 26, at end insert '; and
(d) can show that it is not a company incorporated by an individual with the sole or main purpose of taking advantage of this section.'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
54
Clause 25, page 12, line 33, at end insert—
'(4A) Section 30(5)(b) of the Finance (No. 2) Act 1997 shall cease to have effect.'.
Mr Michael Jack
59
Clause 27, page 13, line 18, leave out 'calculated by reference to £4,160' and insert '£416'.
Mr Alan Milburn
117
Clause 27, page 13, line 20, leave out from 'Where' to 'his' in line 22 and insert 'any part of the claimant's income for the year of assessment falls within section 1(2)(b),'.
Mr Michael Jack
60
Clause 27, page 13, line 24, leave out '£2 for every £3' and insert '£1 for every £15'.
Mr Michael Jack
123
Clause 27, page 13, line 24, leave out '£2 for every £3' and insert '£1 for every £2'.
Mr Michael Jack
124
Clause 27, page 13, line 26, leave out 'persons' and insert 'claimants'.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
68
Clause 27, page 13, line 27, after 'who', insert 'either'.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
69
Clause 27, page 13, line 27, at end insert 'is aged between 16 and 18 inclusive and is in full-time education, or'.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
70
Clause 27, page 13, line 28, after 'who', insert 'either'.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
71
Clause 27, page 13, line 28, after '16', insert 'or is aged between 16 and 18 inclusive and is in full time education'.
Mr Michael Jack
125
Clause 27, page 13, line 29, leave out 'person' and insert 'claimant'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
Mr Michael Jack
98
Clause 27, page 14, line 11, leave out '2001-02' and insert '2000-01'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
99
Clause 27, page 14, line 14, leave out '2002-03' and insert '2001-02'.
Mr Michael Jack
127
Schedule 3, page 97, line 23, leave out from 'partner' to end of line 25 and insert '(b) otherwise the Children's Tax Credit shall be divided equally between the two claimants.'.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
72
Schedule 3, page 97, leave out lines 24 to 25 and insert
'(b) if they do not make an election, each partner will be entitled to a credit, calculated by halving the amount in section 257AA(2)'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
109
Schedule 3, page 97, leave out lines 26 and 27.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
116
Schedule 3, page 97, leave out lines 28 and 29.
Mr Alan Milburn
118
Schedule 3, page 97, line 28, leave out from 'if' to end of line 29 and insert 'no part of either partner's income for the year falls within section 1(2)(b).'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
110
Schedule 3, page 98, line 18, after 'before', insert ', or at any time during,'.
Mr David Heathcoat-Amory
Mr John Whittingdale
Mr Nick Gibb
Mr Oliver Heald
111
Schedule 3, page 98, leave out lines 23 and 25.
Mr Edward Davey
Mr Colin Breed
Mr John Burnett
Dr Vincent Cable
73
Schedule 3, page 99, line 43, leave out 'other'.
