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]

241

Schedule     15,     page     343,     line     37,     leave out '16' and insert '32'.

   

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

242

Schedule     15,     page     343,     line     40,     leave out '15' and insert '30'.

   

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

243

Schedule     15,     page     343,     line     42,     leave out '16' and insert '32'.

   

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

244

Schedule     15,     page     344,     line     3,     after 'wholly', insert 'or mainly'.

   

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

245

Schedule     15,     page     344,     line     5,     after 'trade', insert 'or trades'.

   

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

250

Schedule     15,     page     344,     line     6,     leave out from 'that' to 'at' in line 9.

   

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

246

Schedule     15,     page     344,     line     7,     leave out 'as to a substantial part' and insert 'mainly'.

   

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

247

Schedule     15,     page     344,     line     10,     after 'wholly', insert 'or mainly'.

   

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

248

Schedule     15,     page     344,     line     12,     after 'trade', insert 'or trades'.

   

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

249

Schedule     15,     page     344,     line     15,     leave out 'business' and insert 'or more businesses'

   

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

251

Schedule     15,     page     344,     leave out lines 42 to 50.

   

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

253

Schedule     15,     page     345,     leave out lines 44 and 45.

   

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

252

Schedule     15,     page     346,     leave out from line 4 to line 36 on page 349 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 David Heathcoat-Amory [R]
Mr Richard Ottaway
Mr Howard Flight [R]

254

Schedule     15,     page     347,     line     16,     leave out 'of ships'.

   

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

255

Schedule     15,     page     347,     line     18,     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]

256

Schedule     15,     page     348,     line     14,     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 29 be a relevant intangible asset.'.

   

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

257

Schedule     15,     page     348,     line     22,     at end 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 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 assembly, to be constructed by those who as users pay the royalties or licence fees in question'.

   

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

258

Schedule     15,     page     350,     line     44,     after 'dividends', insert '(but not including a case where dividends are not paid and the relevant shares may convert to shares of another class after the expiry of a period of time, or the occurrence or non-occurrence of an event, at a rate which reflects the non-payment of dividends)'.

   

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

259

Schedule     15,     page     350,     line     46,     after 'redeemed', insert '(but not including conversion into another class of share in the issuing company, at whatever rate)'.

   

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

260

Schedule     15,     page     351,     line     39,     after 'company', insert '(other than a requirement incorporated in the articles of association of the issuing company that there be a transfer, reversion or forfeiture of shares in any given situation or a right of pre-emption on the occasion of any proposed transfer of shares, where such requirement is not incorporated for the purposes of enabling the investing company to receive value from the issuing company)'.

   

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

261

Schedule     15,     page     351,     line     50,     after 'investment', insert '(but not including insurance relating to the provision of services as an employee or director to the issuing company or any company within its group by an individual who happens also to be an investor in the issuing company)'.

   

Mr Nick St. Aubyn
Mr Howard Flight [R]

160

Schedule     15,     page     354,     leave out lines 8 to 10.

   

Mr Nick St. Aubyn
Mr Howard Flight [R]

161

Schedule     15,     page     354,     line     12,     after 'Revenue', insert 'provided that if the Revenue shall not have responded to a request for the grant of authority within 30 days then such grant shall be deemed to have been made'.

   

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

262

Schedule     15,     page     356,     line     21,     at end insert—

      '(e) a disposal which by virtue of Part IX of this Schedule is deemed not to be a disposal of relevant shares'.

   

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

263

Schedule     15,     page     357,     line     4,     at end insert—

    '(1A) For the avoidance of doubt the following events shall not of themselves be regarded as a receipt of value from the issuing company:

      (a) the listing or dealing in shares as mentioned in paragraphs (a), (b) and (c) of paragraph 16(1) above;

      (b) the conversion of relevant shares into shares of another class, at whatever rate, in accordance with the rights attaching to them.'.

   

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

264

Schedule     15,     page     365,     line     43,     at end insert—

    '(1A) An option shall not fall within sub-paragraph (2) if it is granted in connection with the obtaining of listing or dealing as mentioned in paragraphs (a), (b) or (c) of paragraph 16(1) above.'.

   

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

265

Schedule     15,     page     374,     line     11,     after 'categories', insert 'and for the avoidance of doubt for the purposes of this Schedule there shall be deemed not to have been a disposal of any relevant shares in question, nor any receipt of value from the issuing company'.

   

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

266

Schedule     15,     page     374,     line     39,     leave out 'not'.

   

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

267

Schedule     15,     page     374,     leave out lines 40 to 48 and insert—

    '(1A) The receipt of new shares as mentioned in sub-paragraph (1) above shall be treated as a subscription for relevant shares with a qualification period which commences on the day on which they are received, for any consideration given for them.'.

   

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

268

Schedule     15,     page     379,     leave out lines 14 to 17.

 
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Prepared 6 Jun 2000