| Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr David Heathcoat-Amory 56 *Schedule 6, page 193, line 36, leave out from 'Schedule' to end of line 38.
Mr David Heathcoat-Amory 57 *Schedule 6, page 194, line 13, leave out 'The' and insert 'Where some members of a group have requested such treatment, the'.
Mr David Heathcoat-Amory 58 *Schedule 6, page 195, line 49, leave out 'the Commissioners think fit' and insert 'are reasonably appropriate.'
Mr David Heathcoat-Amory 59 *Schedule 6, page 196, line 9, after '(b)', insert 'where the transferee has asked to use the same registration number as the transferor,'.
Mr David Heathcoat-Amory 60 *Schedule 6, page 201, line 19, at end insert—'(2A) Where a person is the recipient of supplies of taxable commodities there shall be no obligation upon him
unless and until he has been given reasonable written notice of such information and records by the Commissioners.'.
Mr David Heathcoat-Amory 61 *Schedule 6, page 211, line 5, leave out 'may' and insert 'shall'.
Mr David Heathcoat-Amory 62 *Schedule 6, page 211, leave out lines 7 and 8.
Mr Michael Jack 28 Schedule 6, page 214, line 8, leave out 'such conditions as may be prescribed ("the full exemption conditions")' and insert 'the conditions set out in paragraph 154'.
Mr Michael Jack 29 Schedule 6, page 214, line 13, leave out 'such of the full exemption conditions as may be prescribed' and insert 'the conditions set out in paragraph 155'.
Mr Michael Jack 30 Schedule 6, page 214, leave out lines 15 to 32.
Mr Richard Ottaway 10 Clause 32, page 20, line 28, at end insert—'(4) After subsection (1), insert— "(1AAA) Where a taxpayer makes an election that he is taxable at the starting rate on income to which this section applies then subsection (1A) shall have effect as if for the words 'lower rate' there were substituted 'starting rate'."
Mr Richard Ottaway 11 Clause 34, page 21, line 10, leave out subsection (2) and insert—'(2) In section 257AA(5) of the Taxes Act 1988 (which specifies the year in which the children's tax credit is to start) for "2001-02" substitute "2000-01". (3) In section 257AA(6) of the Taxes Act 1988 for "2002-03" substitute "2001-02". (4) This section has effect for the year 2000-01 and subsequent years of assessment.'.
Mr Richard Ottaway 65 *Clause 34, page 21, line 10, leave out subsection (2) and insert—'(2) In section 30(5) of the Finance Act 1999 (which specifies the year in which the children's tax credit is to start) for "2001-02" substitute "2000-01". (3) In section 30(6) of the Finance Act 1999 for "2002-03" substitute "2001-02". (4) This section has effect for the year 2000-01 and subsequent years of assessement.'.
Mr David Heathcoat-Amory 53 *Clause 38, page 22, line 47, at end insert—
Mr David Heathcoat-Amory 50 *Clause 39, page 23, line 19, after 'gift', insert 'and the amount to be taken into account for the purposes of this paragraph in relation to the gift does not exceed £250'.
Mr David Heathcoat-Amory 51 *Clause 39, page 25, line 9, leave out '(9)' and insert '(10)'.
Mr David Heathcoat-Amory 49 *Clause 39, page 25, line 37, after 'exceeds', insert 'by more than £100'.
Mr David Heathcoat-Amory 52 *Clause 39, page 26, line 32, at end insert—'(10) The receipt by a charity of a gift which is a qualifying donation or which is otherwise the payment of a sum of money by an individual shall be treated for the purposes of the Tax Acts, in their application to the charity, as the receipt, under deduction of income tax at the basic rate of the relevant year of assessment, of an annual payment of an amount equal to the grossed up amount of the gift.'.
Mr David Heathcoat-Amory 48 *Clause 40, page 27, line 10, after '(3F)', insert '(3G)'.
Mr David Heathcoat-Amory 46 *Clause 40, page 27, line 13, after '339(3)', insert 'or the amount to be taken into account for the purposes of this paragraph in relation to the payments exceeds £250'.
Mr David Heathcoat-Amory 47 *Clause 40, page 27, line 14, at end insert 'and the word "either" shall be omitted.'.
Mr David Heathcoat-Amory 45 *Clause 40, page 28, line 10, after 'payment', insert—'(4A) A gift for the purposes of this subsection including in the case of a close company any payment that is a qualifying donation and in the case of a non-close company any payment in consequence of which that company or a connected person receives a benefit for the relevant value of which does not exceed the limits described in subsections (3DA) to (3DD) above.'.
Mr David Heathcoat-Amory 42 *Clause 43, page 30, line 6, after 'disposes', insert 'subject to subsection (1A)'.
Mr David Heathcoat-Amory 43 *Clause 43, page 30, line 7, at end insert—'(1A) Notwithstanding reference in subsection (1) to the disposal of the whole of the beneficial interest in a qualifying investment, an individual making a disposal of a qualifying investment to which subsection (1) applies may by means of a trust, contract or otherwise reserve for the individual's lifetime and the lifetime of his or her spouse the right to receive all or part of the income generated by that qualifying investment and for this purpose require the retention of that qualifying investment by the charity. (1B) The reservation of the right described in subsection (1A) shall be disregarded for the purposes of section 257 Taxation of Chargeable Gains Act 1992, sections 23(3) and 23(4) of the Inheritance Tax Act 1984 and section 102 of the Finance Act 1986.'.
Mr David Heathcoat-Amory 44 *Clause 43, page 31, line 32, at end insert—'"benefit" excludes any benefit reserved by an individual of the type described in sub-section (1A);'.
Mr David Heathcoat-Amory 41 *Clause 43, page 31, line 47, leave out from 'securities' to end of line 48 and insert 'of a company'.
Mr David Heathcoat-Amory 71 *Clause 43, page 32, line 19, at end insert—'(2A) In Part I of Schedule 20 of that Act (qualifying investments), immediately after paragraph 3A there shall be inserted—
Mr David Heathcoat-Amory 67 *Clause 46, page 33, line 23, leave out 'Subject to subsection (2) below'.
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