Vote Bundle Text (900714-02)

Amendments proposed to the Finance Bill - continued	House of Commons

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Married couples allowances

Mr David Heatcoat-Amory
Mr Richard Ottaway
Mr Howard Flight

NC6

To move the following Clause:—

'The Chancellor of the Exchequer may by order introduce regulations to provide for increases in personal tax allowances to recognise married couples. Orders made under this section may only be made if a draft of the instrument containing the order has been laid and approved by resolution of the House of Commons.'.

Timing of announcement of pensioner income tax allowances

Mr Charles Kennedy
Mr Matthew Taylor
Mr Edward Davey
Mr John Burnett
Mr Andrew Stunell
Norman Baker

NC7

*To move the following Clause:—

'In section 257C(3) Taxes Act 1988 add at the end "The order shall be made by 31st December following the preceding September referred to in subsection (1).".'.

PAYE administration of retirement annuity income

Mr Charles Kennedy
Mr Matthew Taylor
Mr Edward Davey
Mr John Burnett
Mr Andrew Stunell
Norman Baker

NC8

*To move the following Clause:—

'In section 648A Taxes Act 1988, paragraph (1) after the words "approved personal pension scheme", add "or an approved retirement annuity contract within the meaning of section 620 Taxes Act 1988".'.

Mr Alex Salmond
Mr Alasdair Morgan
Ms Roseanna Cunningham
Mrs Margaret Ewing
Mr John Swinney
Mr Andrew Welsh

100

Page 2, line 31 [Clause 4], at beginning insert 'This section shall only come into effect when Parliament has approved a report laid before it, by the Government, outlining the impact of rising fuel prices and fuel duty on Scotland and other areas of the United Kingdom.'.

Mr Chancellor of the Exchequer

Page 16, line 2 [Clause 20], leave out from second 'of' to end of line 24 and insert 'licences—

(a) issued in the period beginning with 1st March 2000 and ending with 28th February 2001, and

(b) not surrendered before the end of that period,

where the amount of vehicle excise duty chargeable on the licence would have been less if the amendment in subsection (1) had applied.

(3) The amount of the refund is—

(a) £55 for a 12 month licence, and

(b) £27.50 for a 6 month licence.

(4) The person entitled to the refund is—

(a) in the case of a licence in force on 28th February 2001, the keeper of the vehicle on that date;

(b) in the case of a licence that has ceased to be in force before that date, the keeper of the vehicle when the licence expired.

(5) For the purposes of subsection (4) the keeper of the vehicle shall be taken to be—

(a) the person registered as keeper of the vehicle on the date in question, or

(b) if the Secretary of State has received notification of a change of ownership of the vehicle as a result of which another person is on that date entitled to be registered as the new keeper of the vehicle, that person.'.

Mr Chancellor of the Exchequer

Page 16, line 33 [Clause 20], leave out from 'section' to end of line 39 and insert 'in respect of a licence does not affect the validity of the licence.

(8A) For the purposes of section 19 of the Vehicle Excise and Registration Act 1994 (surrender of licences) as it applies to the surrender on or after 1st March 2001 of a licence in respect of which a refund under this section has been made, or applied for, the annual rate of duty chargeable on the licence shall be taken to be that which would have been chargeable if the amendment in subsection (1) above had applied.'.

Mr Chancellor of the Exchequer

Page 16, line 43 [Clause 20], at end insert—

'(10) In the application of this section to Northern Ireland, references to registration as the keeper of a vehicle shall be read as references to registration as the owner of the vehicle.'.

Mr David Heathcoat-Amory
Mr Richard Ottaway
Mr Oliver Letwin
Mr Howard Flight

Page 20, line 4 [Clause 30], leave out from 'until' to end of line 6 and insert 'one year after the expiry of a twelve month period during which UK emissions of CO2 show an increase on the previous year'.

Mr Charles Kennedy
Mr Matthew Taylor
Mr Edward Davey
Mr John Burnett
Mr Andrew Stunell
Norman Baker

101

Page 25, line 39 [Clause 39], leave out 'donor shall be assessable and' and insert 'charity receiving the gift shall be'.

Mr Charles Kennedy
Mr Matthew Taylor
Mr Edward Davey
Mr John Burnett
Mr Andrew Stunell
Norman Baker

102

Page 25, line 41 [Clause 39], at end insert 'as if it were being assessed as the donor.'.

Mr Chancellor of the Exchequer

Page 30, line 1 [Clause 43], leave out '83A' and insert '587A'.

Mr Chancellor of the Exchequer

Page 30, line 3 [Clause 43], leave out '83B' and insert '587B'.

Mr David Heathcoat-Amory
Mr Richard Ottaway
Mr Howard Flight

132

Page 31 [Clause 43], leave out lines 31 and 32.

Mr David Heathcoat-Amory
Mr Richard Ottaway
Mr Howard Flight

133

Page 31, line 46 [Clause 43], leave out from beginning to end of line 4 on page 32 and insert '"qualifying investment" shall mean all forms of property constituting an asset for the purposes of the 1992 Act;'.

Mr Chancellor of the Exchequer

Page 32, line 19 [Clause 43], leave out '83B(2)(b)' and insert '587B(2)(a)(ii)'.

Mr Chancellor of the Exchequer

Page 34, line 42 [Clause 49], leave out '6th April 2002' and insert '1st January 2003'.

Mr Chancellor of the Exchequer

Page 35, line 12 [Clause 50], leave out '6th April 2002' and insert '1st January 2003'.

Mr Chancellor of the Exchequer

Page 35, line 20 [Clause 50], leave out '6th April 2002' and insert '1st January 2003'.

Mr David Heathcoat-Amory
Mr Richard Ottaway
Mr Howard Flight

131

Page 40, line 19 [Clause 56], after 'be', insert 'multiplied by 2.5 and'.

Mr Chancellor of the Exchequer

Page 42, line 14 [Clause 58], leave out 'an account-holding' and insert 'a fundable'.

Mr Chancellor of the Exchequer

Page 42, line 44 [Clause 58], leave out '97' and insert '108 or 109'.

Mr Chancellor of the Exchequer

Page 42, line 46 [Clause 58], leave out from beginning to end of line 2 on page 43 and insert—

'(b) regulations under section 1 of the Education and Training (Scotland) Act 2000.'.

Mr Chancellor of the Exchequer

Page 43, line 3 [Clause 58], leave out 'an account-holding' and insert 'a fundable'.

Mr Chancellor of the Exchequer

Page 43, line 7 [Clause 58], leave out '96' and insert '104'.

Mr Chancellor of the Exchequer

Page 43, line 8 [Clause 58], at end insert 'or he is a party to qualifying arrangements.

(6) In subsection (5) above "qualifying arrangements" means arrangements which qualify under—

(a) section 105 or 106 of the Learning and Skills Act 2000, or

(b) section 2 of the Education and Training (Scotland) Act 2000.'.

Mr David Heathcoat-Amory
Mr Richard Ottaway
Mr Howard Flight

136

Page 47, line 10 [Clause 66], at end insert—

'(2A) Following subsection (7) add—

"(7A) Where any individual retires or dies or ceases employment due to ill health, injury or disability, and as a result an asset ceases to be a business asset, then on a subsequent disposal of that asset taper relief shall be applied as if—

(a) there had been a disposal of a non-business asset which had been acquired for a consideration equal to the market value of the asset at the time it ceased to be a business asset, and which had been acquired two years prior to that time; and

(b) there had been a disposal of a business asset for a consideration equal to the market value of the asset on the date it ceased to be a business asset.".'.

Mr Chancellor of the Exchequer

Page 49, line 8 [Clause 67], at end insert—

'( ) After paragraph 22 insert—

"Qualifying shareholdings in joint venture companies

(2) For the purposes of this paragraph a company is a 'joint venture company' if, and only if—

(a) it is a trading company or the holding company of a trading group, and

(b) 75% or more of its ordinary share capital (in aggregate) is held by not more than five companies.

For the purposes of paragraph (b) above the shareholdings of members of a group of companies shall be treated as held by a single company.

(3) For the purposes of this paragraph a company has a 'qualifying shareholding' in a joint venture company if—

(a) it holds more than 30% of the ordinary share capital of the joint venture company, or

(b) it is a member of a group of companies, it holds ordinary share capital of the joint venture company and the members of the group between them hold more than 30% of that share capital.

(4) For the purpose of determining whether the investing company is a trading company—

(a) any holding by it of shares in the joint venture company shall be disregarded, and

(b) it shall be treated as carrying on an appropriate proportion—

(i) of the activities of the joint venture company, or

(ii) where the joint venture company is the holding company of a trading group, of the activities of that group.

This sub-paragraph does not apply if the investing company is a holding company.

(5) For the purpose of determining whether the investing company is a holding company—

(a) any holding by it of shares in the joint venture company shall be disregarded, and

(b) it shall be treated as carrying on an appropriate proportion of the activities—

(i) of the joint venture company, or

(ii) where the joint venture company is the holding company of a trading group, of that group.

This sub-paragraph does not apply if the joint venture company is a 51 per cent subsidiary of the investing company.

(6) For the purpose of determining whether a group of companies is a trading group—

(a) every holding of shares in the joint venture company by a member of the group having a qualifying shareholding in that company shall be disregarded, and

(b) each member of the group having such a qualifying shareholding shall be treated as carrying on an appropriate proportion of the activities—

(i) of the joint venture company, or

(ii) where the joint venture company is the holding company of a trading group, of that group.

This sub-paragraph does not apply if the joint venture company is a member of the group.

(7) In sub-paragraphs (4)(b), (5)(b) and (6)(b) above 'an appropriate proportion' means a proportion corresponding to the percentage of the ordinary share capital of the joint venture company held by the investing company or, as the case may be, by the group member concerned.

(8) The following shall be treated as having a relevant connection with each other—

(a) the investing company;

(b) the joint venture company;

(d) any company having a relevant connection with the joint venture company by virtue of being—

(i) a 51 per cent subsidiary of that company, or

(ii) a member of the same commercial association of companies.

(9) The acquisition by the investing company of the qualifying shareholding shall not be treated as a relevant change of activity for the purposes of paragraph 11 above.

(10) For the purposes of this paragraph 'ordinary share capital' has the meaning given by section 832(1) of the Taxes Act.".'.