Amendments proposed to the Finance Bill - continued House of Commons

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Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

183

Schedule      13,     page     298,     line     35,     leave out paragraph 17.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

184

Schedule      13,     page     298,     line     38,     leave out paragraph 18.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

185

Schedule     13,     page     299,     line     4,     leave out paragraph 19.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

186

Schedule     13,     page     306,     line     24,     at end insert—

    '(3A) Where a pension sharing order or equivalent has been implemented the return of eligible contributions will be made to the member or if dead, the member's estate'.


   

Mr Nick St. Aubyn

154

Schedule     14,     page     308,     line     30,     leave out 'within 30 days after' and insert 'within 90 days after the end of the Company's accounting period in which occurred'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottoway
Mr Howard Flight [R]

187

Schedule     14,     page     311,     line     1,     after 'option', insert 'and clearance procedure'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

188

Schedule     14,     page     311,     line     2,     leave out from 'reasons' to 'and' in line 3.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

189

Schedule     14,     page     311,     line     5,     at end insert

    '(2) Sub-paragraph(1) shall not apply where before an option is granted the Board have on the application of the relevant company notified the company that the Board are satisfied that the option will be granted for bona fide commercial reasons and not as part of such scheme or arrangement as is described in sub-paragraph (1)

    (3) The provisions of subsections (2) to (5) inclusive of section 138 of the Taxation of Chargeable Gains Act 1992 shall mutatis mutandis apply to any application made under this Paragraph save that for the first reference in subsection (5) of that section to "Special Commissioners" there shall be substituted a reference to "General Commissioners or if the relevant company so elects (in accordance with section 46(1) of the Taxes Management Act 1970) the Special Commissioners" and for the second reference to "Special Commissioners" there shall be substituted a reference to "General Commissioners or Special Commissioners (as the case may be)".

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

190

Schedule     14,     page     311,     line     8,     leave out '100,000' and insert '250,000'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

191

Schedule      14,     page     311,     line     18,     leave out '100,000' and insert '250,000'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

192

Schedule      14,     page     311,     line     27,     leave out '100,000' and insert '250,000'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

194

Schedule      14,     page     312,     leave out lines 1 to 3.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

195

Schedule      14,     page     312,     line     11,     leave out 'gross assets' and insert 'size'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

198

Schedule      14,     page     312,     leave out lines 15 to 18 and insert 'a dependent subsidiary within the meaning of section 86 of the Finance Act 1988'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

196

Schedule      14,     page     313,     line     23,     leave out 'gross assets' and insert 'size'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

197

Schedule      14,     page     313,     leave out lines 24 to 30 and insert 'Any company is a qualifying company in respect to its size unless on any day:

      (a) its shares are listed upon a recognised stock exchange (as defined in section 841 of the Taxes Act 1988); and

      (b) its market capitalisation (measured by reference to the closing middle-market price on the trading day for that exchange which precedes the day in question) exceeds £100,000,000.'

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

200

Schedule     14,     page     313,     line     34,     after 'wholly', insert 'or mainly'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

201

Schedule     14,     page     313,     line     36,     after 'trade', insert 'or trades'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

207

Schedule     14,     page     313,     line     37,     leave out from 'that' to 'at' in line 40.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

202

Schedule     14,     page     313,     line     38,     leave out 'or as to a substantial part' and insert 'or mainly'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

203

Schedule     14,     page     313,     line     41,     after 'wholly', insert 'or mainly'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

204

Schedule     14,     page     313,     line     43,     after 'trade', insert 'or trades'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

205

Schedule     14,     page     313,     line     45,     leave out 'one business' and insert 'one or more businesses'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

208

Schedule     14,     page     314,     leave out lines 11 to 19.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

206

Schedule     14,     page     314,     leave out from line 44 to line 27 on page 318 and insert—

      '(a) advertising and marketing;

      (b) public relations;

      (c) the conduct of surveys or polls as to the opinions of members of the public (or any section of them) on any subject (whether by interview in person or by telephone or through the medium of a group discussion focussed upon any particular subject);

      (d) estate agency;

      (e) the manufacture or retail distribution of tourist souvenirs relating to the Millennium Dome in Greenwich;

      (f) consultancy as to the arrangement of objects or artefacts within any living space (where based upon the principles of any non-European philosophy);

      (g) fashion modelling (the provision of individuals engaged wholly or mainly for the purpose of displaying, whether or not to the public, items of clothing);

(h) the publication of newspapers (including magazines or other periodicals, but not journals of a technical or scientific nature);

(i) the transmission of television programmes.'.

   

Mr Nick St. Aubyn

155

Schedule     14,     page     314,     leave out lines 48 to 49.

   

Mr Nick St. Aubyn
Mr Howard Flight [R]

156

Schedule     14,     page     315,     leave out lines 1 to 11.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

209

Schedule     14,     page     316,     line     5,     leave out 'of ships'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

210

Schedule      14,     page     316,     line     7,     after 'craft', insert 'and the leasing of products which have been produced by the relevant company itself'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

211

Schedule      14,     page     317,     line     4,     at end insert—

    '(6) A trade shall not be treated as not being a qualifying trade by reason only of its consisting in the leasing or hiring out of products which were produced by or on behalf of the relevant company provided that where products are produced on behalf of the relevant company they are produced using an intangible asset of the relevant company which would for the purposes of paragraph 22 be a relevant intangible asset.'.

   

Mr David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

212

Schedule      14,     page     317,     line     12,     after 'assets', insert 'or partly of relevant intangible assets and partly of other intangible assets provided that such other assets were acquired by the relevant company for bona fide commercial reasons in order to exploit its own relevant intangible assets by providing them or the use of them as part of an assembly or to be used together as part of a larger asssembly to be constructed by those who as users pay the royalties or licence fees in question.'

   

Mr Nick St. Aubyn
Mr Howard Flight [R]

157

Schedule     14,     page     319,     line     36,     leave out '25' and insert '20'.

 
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