| Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Andrew Smith 340 Clause 104, page 71, line 46, at end insert—
Mr Andrew Smith 341 Clause 104, page 72, line 20, after 'day,' insert 'or for a period not exceeding three months which includes that day,'.
Mr Andrew Smith 342 Clause 104, page 72, line 41, leave out 'subsection (1)(a) of' and insert 'the first condition mentioned in'.
Mr Andrew Smith 343 Clause 104, page 73, line 9, leave out 'subsection (1)(b) of' and insert 'the second condition mentioned in'.
Mr Andrew Smith 344 Clause 104, page 73, line 21, leave out 'an accounting' and insert 'a'.
Mr Andrew Smith 345 Clause 104, page 73, line 23, leave out 'the'.
Mr Andrew Smith 346 Clause 105, page 75, line 15, leave out from '135A' to end of line 27 and insert—'.—(1) This section applies where, as regards qualifying assets and liabilities of a company—
(2) If a net exchange gain would accrue to the company if sterling were the local currency for the purposes of sections 125 to 129 above, then, as regards the assets and liabilities concerned, sterling shall be the local currency for those purposes. (3) For the purposes of this section a net exchange gain accrues to a company if its initial exchange gains (as determined in accordance with this Chapter) exceed its initial exchange losses (as so determined).".'.
Mr David Heatcoat-Amory 414 *Clause 106, page 76, line 39, after 'was', insert 'insufficient or'.
Mr David Heatcoat-Amory 415 *Clause 106, page 76, line 40, leave out 'For the purpose of making good to the Exchequer the loss occasioned by the excess, an' and insert 'An'.
Mr David Heatcoat-Amory 416 *Clause 106, page 76, line 42, after second 'the', insert 'insufficiency or the'.
Mr David Heatcoat-Amory 417 *Clause 106, page 76, line 42, after 'as', insert 'an expense or, as the case may be,'.
Mr David Heatcoat-Amory 418 *Clause 106, page 77, line 4, leave out 'profits of his trade' and insert 'opening technical provisions'.
Mr David Heatcoat-Amory 419 *Clause 106, page 77, line 14, after 'excessive', insert 'or insufficient'.
Mr David Heatcoat-Amory 420 *Clause 106, page 77, line 15, after 'excess', insert 'or insufficiency'.
Mr David Heatcoat-Amory 421 *Clause 106, page 77, line 16, after 'rate,', insert 'adjusted for an appropriate risk margin'.
Mr David Heatcoat-Amory 422 *Clause 106, page 78, leave out line 22.
Mr David Heatcoat-Amory 423 *Clause 106, page 78, line 33, after 'Board', insert 'and for the purposes of subsection (3) above "opening technical provisions" in relation to an underwriting member means so much of the premiums received, or treated (in accordance with the rules or practice of Lloyd's) as received, by him under reinsurance to close contracts;'.
Mr David Heatcoat-Amory 425 *Clause 106, page 78, line 44, at end insert—'(7A) The Board shall not make any regulations under this section unless a draft of them has been laid before and approved by a resolution of the House of Commons'.
Mr David Heatcoat-Amory 424 *Clause 106, page 78, line 45, after 'receipt', insert 'or as an expense'.
Mr David Heatcoat-Amory 426 *Clause 106, page 79, line 14, leave out '1st January 2000' and insert '1st January 2003'.
Mr David Heatcoat-Amory 427 *Clause 106, page 79, line 16, leave out '1st January 2001' and insert '1st January 2004'.
Mr David Heatcoat-Amory 428 *Clause 106, page 79, line 19, leave out '1st January 2000' and insert '1st January 2003'.
Mr David Heatcoat-Amory 429 *Clause 106, page 79, line 22, at end insert—'(12) The Chancellor of the Exchequer shall undertake to carry out a review of the impact of this section on the United Kingdom insurance industry. (13) Draft regulations under this section shall not be laid before the House of Commons unless and until the Chancellor of the Exchequer has certified, on the basis of the review carried out under subsection (12) above, that in his view such regulations if enacted would not have a significant adverse affect on the competitive position of the United Kingdom as a location for insurance operations.'.
Mr Andrew Smith 330 Clause 107, page 79, line 31, leave out from 'relevant' to end of line 34 and insert—'(3) The Board may by regulations—
(4) Regulations under subsection (1) or (3) above may contain such supplementary, incidental, consequential or transitional provision as appears to the Board to be appropriate.".'.
Mr Andrew Smith 331 Clause 108, page 81, line 7, leave out 'debtor relationship' and insert 'money debt'.
Mr Andrew Smith 332 Clause 108, page 81, leave out lines 13 and 14.
Mr Andrew Smith 333 Clause 108, page 81, line 20, leave out 'debtor relationship' and insert 'money debt;
Mr Andrew Smith 334 Clause 108, page 81, line 26, leave out 'debtor relationship' and insert 'money debt'.
Mr Andrew Smith 335 Clause 108, page 81, line 31, leave out 'relationship' and insert 'debt or liability'.
Mr Andrew Smith 336 Clause 108, page 82, line 11, at end insert '; and
Mr Andrew Smith 368 Clause 110, page 86, line 43, leave out 'payments of interest' and insert 'declarations under section 481(5)(k)(i) of the Taxes Act 1988'.
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—
Mr Andrew Smith 402 Schedule 40, page 554, line 32, column 3, at end insert 'Section 802.'.
Mr Andrew Smith 403 Schedule 40, page 554, line 40, at end insert—
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