Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr David Heathcoat-Amory [R] 241 Schedule 15, page 343, line 37, leave out '16' and insert '32'.
Mr David Heathcoat-Amory [R] 242 Schedule 15, page 343, line 40, leave out '15' and insert '30'.
Mr David Heathcoat-Amory [R] 243 Schedule 15, page 343, line 42, leave out '16' and insert '32'.
Mr David Heathcoat-Amory [R] 244 Schedule 15, page 344, line 3, after 'wholly', insert 'or mainly'.
Mr David Heathcoat-Amory [R] 245 Schedule 15, page 344, line 5, after 'trade', insert 'or trades'.
Mr David Heathcoat-Amory [R] 250 Schedule 15, page 344, line 6, leave out from 'that' to 'at' in line 9.
Mr David Heathcoat-Amory [R] 246 Schedule 15, page 344, line 7, leave out 'as to a substantial part' and insert 'mainly'.
Mr David Heathcoat-Amory [R] 247 Schedule 15, page 344, line 10, after 'wholly', insert 'or mainly'.
Mr David Heathcoat-Amory [R] 248 Schedule 15, page 344, line 12, after 'trade', insert 'or trades'.
Mr David Heathcoat-Amory [R] 249 Schedule 15, page 344, line 15, leave out 'business' and insert 'or more businesses'
Mr David Heathcoat-Amory [R] 251 Schedule 15, page 344, leave out lines 42 to 50.
Mr David Heathcoat-Amory [R] 253 Schedule 15, page 345, leave out lines 44 and 45.
Mr David Heathcoat-Amory [R] 252 Schedule 15, page 346, leave out from line 4 to line 36 on page 349 and insert
Mr David Heathcoat-Amory [R] 254 Schedule 15, page 347, line 16, leave out 'of ships'.
Mr David Heathcoat-Amory [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] 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] 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] 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] 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] 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] 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 160 Schedule 15, page 354, leave out lines 8 to 10.
Mr Nick St. Aubyn 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] 262 Schedule 15, page 356, line 21, at end insert
Mr David Heathcoat-Amory [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:
Mr David Heathcoat-Amory [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] 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] 266 Schedule 15, page 374, line 39, leave out 'not'.
Mr David Heathcoat-Amory [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] 268 Schedule 15, page 379, leave out lines 14 to 17.
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©Parliamentary copyright 2000 | Prepared 6 Jun 2000 |