| Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr David Heathcoat-Amory [R] 278 Clause 66, page 45, line 22, after 'paragraph', insert—'3. (Rules for determining whether a gain is a gain on the disposal of a business asset or a non-business asset), after sub-paragraph (5) insert— "(6) Where sub-paragraph (2) of this Paragraph applies the person to whom the gain accrues shall be entitled by notice given within a period of two years immediately following the tax year in which the gain accrues to elect as at the date when the asset became or (as the case may be) ceased to be a business asset to have the asset treated as if it had been sold on that day by the person making the disposal and immediately re-acquired by him at its market value at that date and the provisions of sub-paragraph (5) shall mutatis mutandis apply to the two gains for the purposes of paper relief" and in paragraph'.
Mr Howard Flight 291 *Clause 66, page 46, line 3, after 'group', insert 'or a Venture Capital Investment Trust'.
Mr David Heathcoat-Amory [R] 279 Clause 66, page 46, line 6, after '(ii)' insert 'at the time when the shares were acquired'.
Mr Nick St. Aubyn 151 Clause 66, page 46, line 10, after 'individual', insert 'for a period of not less than 24 months during the time he owned shares in the company'.
Mr David Heathcoat-Amory [R] 280 Clause 66, page 46, line 17, after '(ii)', insert 'at the time when the shares were acquired'.
Mr David Heathcoat-Amory [R] 281 Clause 66, page 46, line 29, after '(ii)', insert 'at the time when the shares were acquired the individual was an officer or employee of the company, or of a company having a relevant connection with it, or
Mr Howard Flight 292 *Clause 66, page 46, line 31, at end insert—
Mr David Heathcoat-Amory [R] 285 Clause 66, page 46, line 33, after 'whose', insert 'ordinary'.
Mr David Heathcoat-Amory [R] 286 Clause 66, page 46, line 36, after 'whose', insert 'ordinary'.
Mr David Heathcoat-Amory [R] 282 Clause 66, page 46, line 36, at end insert—
Mr David Heathcoat-Amory [R] 283 Clause 66, page 46, line 38, after 'employment', insert 'and "trading company" and "trading group" contained in that paragraph immediately prior to the passing of this Act'.
Mr David Heathcoat-Amory [R] 284 Clause 66, page 46, line 40, after 'asset', insert 'where it was acquired on or after 6 April 1998 and disposed'.
Mr Richard Ottaway 91 Schedule 19, page 398, line 14, leave out from 'development' to end of line 32 and insert 'has the meaning given in paragraph 21 of Statement of Standard Accounting Practice 13'.
Mr Richard Ottaway 92 Schedule 20, page 401, line 21, leave out '£25,000' and insert '£24,000'.
Mr Richard Ottaway 93 Schedule 20, page 401, line 22, leave out '£25,000' and insert '£24,000'.
Mr Richard Ottaway 94 Schedule 20, page 401, line 40, after '1996', insert—', subject to sub-paragraph (1A). (1A) The definition of a "small or medium-sized enterprise" shall have effect as if, for every reference to an amount in Euros, there were substituted the equivalent amount in sterling, calculated on 21st March 2000.'.
Mr Richard Ottaway 95 Schedule 20, page 403, line 12, leave out from 'means' to end of line 15 and insert—
Mr Richard Ottaway 96 Schedule 20, page 403, line 34, after 'project;' insert—', except that, if the circumstances have been notified to and approved by the European Commission, then this sub-paragraph shall have effect as if, for the words "if a notified State aid" there were substituted "to the extent that a notified State aid.".'.
Mr Richard Ottaway 97 Schedule 20, page 405, line 11, leave out '65%.' and insert '100%.'
Mr Richard Ottaway 107 Schedule 20, page 406, line 15, leave out 'that was or could have been'.
Mr Richard Ottaway 98 Schedule 20, page 408, leave out lines 25 to 28 and insert 'the loss that may be surrendered in respect of that period by the company, for the purposes of a claim to group relief under section 402(3) of the Taxes Act 1988 (group relief available where surrendering company owned by a consortium), to any other company that is not a small or medium-sized enterprise shall be limited to the loss which would have been available if the company had not claimed relief under paragraph 13 or 14.'.
Mr Richard Ottaway 148 Schedule 21, page 410, line 28, leave out '1996' and insert '1998'.
Mr Richard Ottaway 143 Clause 70, page 48, line 1, leave out 'small enterprise' and insert 'small or medium-sized enterprise'.
Mr Richard Ottaway 144 Clause 70, page 48, line 11, after 'computers', insert ', including components of computers such as memory chips,'.
Mr Richard Ottaway 145 Clause 70, page 48, line 18, at end insert 'or,
Mr Richard Ottaway 146 Clause 70, page 48, line 27, leave out 'third generation'.
Mr Richard Ottaway 147 Schedule 22, page 431, line 42, leave out '5' and insert '2A'.
Mr Nick St. Aubyn 150 Clause 93, page 66, line 18, leave out '21st March 2000' and insert '6th April 2002'.
Mr Richard Ottaway 149 Schedule 30, page 516, line 20, leave out '6' and insert '9'.
Mr Nick St. Aubyn 152 Clause 141, page 109, line 28, at end insert—'(5) This section shall not apply to any territory which is not a signatory to the International Convention on Human Rights'.
NEW CLAUSEVolunteer expenditure
Mr David Heathcoat-Amory Mr Richard Ottaway Mr Oliver Letwin
Mr Howard Flight NC1 To move the following Clause:—'(1) After section 83B of the Taxes Act 1988 there shall be inserted—
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