| Amendments proposed to the Finance Bill - continued | House of Commons |
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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 80 Clause 39, page 24, line 10, leave out '£25' and insert '£40'.
Mr David Heathcoat-Amory 81 Clause 39, page 24, line 11, leave out '2.5' and insert '4'.
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 [R] 108 *Clause 40, page 27, line 8, leave out 'section' and insert 'sections 209(2)(b) and'.
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 82 Clause 40, page 27, line 20, leave out '£25' and insert '£40'.
Mr David Heathcoat-Amory 83 Clause 40, page 27, line 21, leave out '2.5' and insert '4'.
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 [R] 109 *Clause 45, page 33, line 15, after '1A' insert 'and 1B'
Mr David Heathcoat-Amory [R] 110 *Clause 45, page 33, line 17, leave out from 'either' to end of line 19 and insert—
Mr David Heathcoat-Amory 67 Clause 46, page 33, line 23, leave out 'Subject to subsection (2) below'.
Mr David Heathcoat-Amory 68 Clause 46, page 33, line 24, leave out 'or VI'.
Mr David Heathcoat-Amory 69 Clause 46, page 33, leave out lines 27 to 36 and insert—'(2) After subsection (1)(c)(iib) of section 505 of the Taxes Act 1988 there shall be inserted—
Mr Richard Ottaway 66 Clause 46, page 34, line 8, at end insert—'(5A) A charity may undertake any trade or income producing activity the income of which is exempted from tax by virtue of this section notwithstanding anything to the contrary in any enactment or instrument relating to the functions and powers of that charity.'.
Mr David Heathcoat-Amory 70 Clause 46, page 34, line 15, leave out 'or VI'.
Mr Richard Ottaway 38 Schedule 12, page 277, line 13, after 'that' insert 'having regard to the practice generally received or adopted at any time as to the manner of performance of the services for persons in the same business as the client'.
Mr Richard Ottaway 12 Schedule 12, page 277, line 15, at end insert—
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