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11. Value added tax (gold)

Resolved,


Resolved,


    That--


    (1) In section 36 of the Value Added Tax Act 1994, for subsection (3) there shall be substituted--
    "(3) In subsection (2) above 'the outstanding amount' means--
    (a) if at the time of the claim no part of the consideration written off in the claimant's accounts as a bad debt has been received, an amount equal to the amount of the consideration so written off;
    (b) if at that time any part of the consideration so written off has been received, an amount by which that part is exceeded by the amount of the consideration written off;
    and in this subsection 'received' means received either by the claimant or, except in such circumstances as may be prescribed, by a person to whom has been assigned a right to receive the whole or any part of the consideration written off."
    (2) Until such day as the Commissioners may specify in regulations made under section 36 of that Act, Part XIX of the Value Added Tax Regulations 1995, except regulation 171, shall be read as if a reference to a payment being received by the claimant were a reference to a payment being received either by the claimant or by a person to whom a right to receive it has been assigned.
    (3) This Resolution has effect for the purposes of the making of any refund or repayment after 9th March 1999, but does not have effect in relation to anything received on or before that day.
    And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

    13. Value added tax (bad debt relief: regulations)

Resolved,


    That provision may be made amending section 36(5) of the Value Added Tax Act 1994.

    14. Value added tax (groups of companies)

Resolved,


    That provision may be made about groups of companies in relation to value added tax.

    15. Value added tax (repayment supplement)

Resolved,


    That--


    (1) Section 79 of the Value Added Tax Act 1994 shall be amended as follows.

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    (2) In subsection (2)(b), for the words "the period of 30 days beginning on the date of the receipt by the Commissioners of that return or claim" there shall be substituted "the relevant period".
    (3) After subsection (2) there shall be inserted--
    "(2A) The relevant period in relation to a return or claim is the period of 30 days beginning with the later of--
    (a) the day after the last day of the prescribed accounting period to which the return or claim relates, and
    (b) the date of the receipt by the Commissioners of the return or claim."
    (4) In subsections (3) and (7), for "subsection (2)(b)" there shall be substituted "subsection (2A)"; and regulations under subsection (3) shall be construed accordingly.
    (5) This Resolution has effect in relation to returns and claims received by the Commissioners on or after 9th March 1999.
    And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

    16. Value added tax (meaning of "business")

Resolved,


    That provision may be made for the repeal of section 94(3) of the Value Added Tax Act 1994.

    17. Income tax (starting rate)

Motion made, and Question put,


    That--


    (1) The following shall be substituted for section 1(2)(aa) of the Income and Corporation Taxes Act 1988--
    "(aa) in respect of so much of an individual's total income as does not exceed £1,500, at such rate as Parliament may determine to be the starting rate for that year;".
    (2) The following shall be substituted for section 1(2A) of that Act--
    "(2A) The amount up to which an individual's income is by virtue of subsection (2) above chargeable for any year at the starting rate shall be known as the starting rate limit."
    (3) In section 1(3) of that Act, for "lower rate" there shall be substituted "starting rate".
    (4) Section 1(4) of that Act, so far as it relates to section 1(2)(aa), shall not apply for the year 1999-00.
    (5) In section 1(6A) of that Act, for "lower rate" there shall be substituted "starting rate".
    (6) The following shall be inserted before section 1A(2) of that Act--
    "(1B) In relation to any year of assessment for which income tax is charged the lower rate is 20 per cent. or such other rate as Parliament may determine."
    (7) The following shall be inserted after section 1A(6) of that Act--
    "(6A) Where income tax at the basic rate has been borne on income chargeable at the lower rate any necessary repayment of tax shall be made on the making of a claim."
    (8) In sections 547(5)(c) and 550(3) of that Act, for "lower rate" there shall be substituted "starting rate".
    (9) In sections 549(2), 699(2) and 819(2) of that Act, for "at the lower rate by virtue of section 1(2)(aa)" there shall be substituted "at the starting rate".

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    18. Income tax (charge and rates for 1999-00)

Resolved,


    That--

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