Vote Bundle Text (990525-02)

Amendments proposed to the Finance Bill - continued	House of Commons

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Mr Alan Milburn

163

Schedule 6, page 109, line 4, at end insert—

'Exclusion of receipts taken into account for capital allowances

This Schedule does not apply to a payment or benefit if or to the extent that it is taken into account under section 153 of the Capital Allowances Act 1990 (subsidies, contributions, etc.) to reduce the recipient's expenditure qualifying for capital allowances.'.

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

114

Schedule 6, page 109, line 5, leave out 'only or main'.

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

115

Schedule 6, page 109, line 9, leave out 'his only or main' and insert 'a'.

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

139

Clause 51, page 29, line 3, after 'manufactured', insert '(including an offcut or by-product from the manufacturing process)'.

Mr Nick St. Aubyn

168

Clause 51, page 29, line 3, after 'manufactured', insert 'or a component or the residue of a component used to manufacture.'.

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

183

Clause 51, page 29, line 23, after 'article', insert 'which has a value of over £1000.'.

Mr Nick St. Aubyn

172

Clause 51, page 29, line 32, leave out subsections (5) to (7).

Mr Nick St. Aubyn

181

Clause 53, page 30, line 39, at end insert—

'(d) in any other European Union member state, any educational establishment whose activities qualify for exemption from VAT under the terms of the 6th Directive dated 17th May 1977 (as amended); and

(e) in the United States of America, any education establishment whose activities are primarily funded and regulated by the state where it is resident.'.

Mr Nick St. Aubyn

179

Clause 53, page 31, line 1, after 'maintained,' insert 'or otherwise supported.'.

Mr Nick St. Aubyn

180

Clause 53, page 31, line 15, after ''('the 1980 Act')' insert 'or otherwise supported by such an authority.'.

Mr Nick St. Aubyn

165

Clause 54, page 31, leave out lines 43 and 44.

Mr Nick St. Aubyn

166

Clause 54, page 32, line 5, after 'year,' insert 'or, if he is a higher rate tax payer and the training is directly related to his employment, the higher rate.'.

Mr Nick St. Aubyn

167

Clause 54, page 32, line 23, at end insert 'except in respect of higher rate tax payers.'.

Mr Nick St. Aubyn

182

Clause 59, page 34, line 36, after 'capable', insert 'by virtue of a power contained in its terms of issue'.

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

140

Clause 59, page 34, line 39, leave out from 'gain' to end of line 40.

Mr Nick St. Aubyn

178

Clause 59, page 34, line 46, at end insert—

'(1B) Where a security may be redeemed before maturity consequent to the introduction of any witholding tax at source on the interest payable by the issuer, then such security may not be regarded as a "relevant discounted security" solely as a result of either the existence or the exercise of such a power of early redemption.'.

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

141

Clause 59, page 35, line 1, leave out '(5)' and insert '(5)(b)'.

Mr Nick St. Aubyn

176

Clause 59, page 35, line 4, after '15th February 1999' insert 'unless it is a security subject to a witholding tax at source on the interest payable by the issuer.'.

Mr Nick St. Aubyn

177

Clause 59, page 35, line 6, at end insert 'unless the payment relates to a security subject to a witholding tax at source on the interest payable by the issuer.'.

Mr Nick St. Aubyn

171

Clause 63, page 38, line 6, leave out 'main purpose of which, or one of the main purposes' and insert 'overriding purpose.'.

Mr Nick St. Aubyn

170

Schedule 7, page 109, line 45, at end insert—

'(3) Where assets have been acquired for use in connection with the business to which the original shares relate, then any disposal of such assets in the same year as the disposal of original shares shall itself be treated as a disposal of original shares to which this schedule applies.'.

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

Clause 106, page 73, line 32, leave out 'marketable'.

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

Clause 106, page 73, line 34, leave out 'marketable'.

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

Clause 106, page 73, line 39, leave out 'marketable'.

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

Clause 106, page 74, leave out lines 3 to 5.

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

Clause 106, page 74, line 15, leave out 'marketable'.

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

Clause 106, page 74, line 17, leave out 'marketable'.

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

Clause 106, page 74, line 22, leave out 'marketable'.

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

Clause 106, page 74, leave out lines 32 to 34.

NEW CLAUSES

Gifts of money to relieve refugee poverty

Mr Alan Milburn

NC2

To move the following Clause:—

'.—(1) Section 48 of the Finance Act 1998 (gifts of money made for relief in poor countries) shall be amended in accordance with subsections (2) to (4) below.

(2) In subsection (1)—

(a) in paragraph (a), for "the first designation date" there shall be substituted "31st July 1998";

(b) in paragraph (b), for "one or both" there shall be substituted "one or more".

(3) In subsection (2)—

(a) in paragraphs (a) and (b), for "designated countries or territories" there shall be substituted "countries or territories designated for the purposes of this paragraph,"; and

(b) at the end of paragraph (b) there shall be inserted ", and

(c) the relief of poverty in the case of persons from any country or territory designated for the purposes of this paragraph who are refugees or who have suffered displacement as a result of organised intimidation or oppression or of war or other armed conflict."

(4) In subsection (9), for "this section" there shall be substituted "paragraph (a), (b) or (c) of subsection (2) above".

(5) Any order made before the passing of this Act under subsection (9) of that section (designation of countries or territories in respect of which section 48 has effect) shall have effect as if made for the purposes only of subsection (2)(a) and (b) of that section.

(6) Any notification given for the purposes of that section, in relation to a charity, before the passing of this Act shall be treated as a notification given for the purposes of that section as amended by this section.

(7) This section has effect in relation to gifts made on or after 6th April 1999.

(8) An order made under subsection (9) of that section for the purposes of subsection (2)(c) (as inserted by subsection (3)(b) above) may have effect retrospectively in relation to such times falling on or after that date as may be specified in the order.'

Treatment of transfer fees under existing contracts

Mr Alan Milburn

NC3

*To move the following Clause:—

'.—(1) Subject to subsection (2) below, where—

(a) a contract is or has been entered into by a football or other sports club to secure the services of a player; and

(b) the contract is or was entered into before the beginning of the first accounting period of the club in relation to which a relevant financial reporting standard has effect (whether by virtue of the adoption of the standard by the club or otherwise),

nothing in the standard shall be taken to affect the manner in which any fee required to be paid by the club under the contract may be taken into account in computing the club's profits to be charged under Case I of Schedule D.

(2) Subsection (1) above shall not apply if the club so elects by a notice given to an officer of the Board within the period of two years beginning immediately after the accounting period described in subsection (1)(b) above.

(3) The relevant financial reporting standards are—

(a) Financial Reporting Standard 10 issued by the Accounting Standards Board on 4th September 1997; and

(b) Financial Reporting Standard for Smaller Entities issued by that Board on 10th December 1998.

(4) All such adjustments shall be made (whether by way of assessment, amendment of an assessment, repayment of tax or otherwise) as may be necessary to give effect to the provisions of this section.

(5) Subsection (4) above has effect notwithstanding any time limits relating to the making or amendment of an assessment for any accounting period.'.

Beer: charge of excise duty

Mrs Jacqui Lait
Mr Geoffrey Clifton-Brown

NC1

To move the following Clause:—

'(1) In section 36(1) of the Alcoholic Liquor Duties Act 1979 (beer: charge of excise duty), for "£11.50" there shall be substituted "£2.99".

(2) This section shall come into force on Royal Assent.'.

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

Schedule 20, page 157, column 3, leave out lines 23 to 28.

Mr Alan Milburn

Schedule 20, page 161, line 10, at end insert—