Vote Bundle Text (990608-02)

Amendments proposed to the Finance Bill - continued	House of Commons

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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.'.

Repayment of dividend tax credit to non-taxpayers

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

NC4

To move the following Clause:—

'Section 30 (5)(b) of the Finance (No. 2) Act 1997 shall cease to have effect.'.

Personal pensions—income withdrawals

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

NC5

To move the following Clause:—

'.—(1) In section 634(2) of the Taxes Act 1988, the words "or after he attains the age of 75" shall cease to have effect.

(2) In section 634A of the Taxes Act 1988, subsection (3) shall cease to have effect.

(3) In section 636A of the Taxes Act 1988, subsection (4) shall cease to have effect.

(4) In section 637 of the Taxes Act 1988, in paragraph (a), the words "before he attains the age of 75" shall cease to have effect.

(5) In section 590(3) of the Taxes Act, in paragraph (a), the words "and not later than 75" shall cease to have effect.

(6) This section shall have effect in relation to approvals, of schemes or amendments, given under Chapter I or Chapter IV of Part XIV of the Taxes Act 1988 after the passing of this Act.'.

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—

'( ) Gifts of money to relieve refugee poverty

Chapter	Short title	Extent of repeal
1998 c. 36.	The Finance Act 1998.	In section 48— (a) in subsection (2) the word "and" at the end of paragraph (a), and (b) in subsection (8) the definition of "the first designation date".
These repeals have effect in relation to gifts made on or after 6th April 1999.'




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