Amendments proposed to the Finance Bill - continued	House of Commons
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Mr Chancellor of the Exchequer

113

Page     98,     line     2     [Clause     123],     at end insert—

    '(1A) After subsection (2) (instruments on which stamp duty not chargeable) insert—

    "(2A) But this section does not apply to an instrument by virtue of subsection (2)(a) if, at the time the instrument is executed, arrangements are in existence by virtue of which at that or some later time any person has or could obtain, or any persons together have or could obtain, control of the transferee but not of the transferor.".'.

   

Mr Chancellor of the Exchequer

114

Page     98     [Clause     123],     leave out lines 12 to 18.

   

Mr Chancellor of the Exchequer

115

Page     98,     line     26     [Clause     123],     at end insert '; but this is subject to subsection (6A).

    (6A) In determining for the purposes of this section whether a body corporate is the parent of the transferor, paragraphs 5(3) and 5B to 5E of Schedule 18 to the Income and Corporation Taxes Act 1988 shall not apply for the purposes of paragraph (b) or (c) of subsection (3AA).'.

   

Mr Chancellor of the Exchequer

116

Page     98,     line     27     [Clause     123],     leave out 'subsection (3AAA)' and insert 'this section'.

   

Mr Chancellor of the Exchequer

117

Page     98,     line     29     [Clause     123],     leave out 'on or'.

   

Mr Chancellor of the Exchequer

118

Page     98,     line     31     [Clause     124],     at end insert—

    '(1A) In subsection (1) (stamp duty not chargeable on leases etc) at the end insert the following paragraph—

    "This subsection is subject to subsection (4A) below."

    (1B) After subsection (4) insert—

    "(4A) An instrument shall not be exempt from stamp duty by virtue of subsection (1) above if at the time the instrument is executed arrangements are in existence by virtue of which at that or some later time any person has or could obtain, or any persons together have or could obtain, control of the lessee but not of the lessor.".'.

   

Mr Chancellor of the Exchequer

119

Page     98,     line     41     [Clause     124],     leave out from beginning to end of line 3 on page 99.

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Mr Chancellor of the Exchequer

120

Page     99,     line     11     [Clause     124],     at end insert '; but this is subject to subsection (10AA).

    (10AA) In determining for the purposes of this section whether a body corporate is the parent of the lessor, paragraphs 5(3) and 5B to 5E of Schedule 18 to the Income and Corporation Taxes Act 1988 shall not apply for the purposes of paragraph (b) or (c) of subsection (8) above.'.

   

Mr Chancellor of the Exchequer

121

Page     99,     line     12     [Clause     124],     leave out 'subsection (8A)' and insert 'this section'.

   

Mr Chancellor of the Exchequer

122

Page     99,     line     14     [Clause     124],     leave out 'on or'.

   

Mr Chancellor of the Exchequer

123

Page     99,     line     26     [Clause     125],     leave out 'on or'.

   

Mr Chancellor of the Exchequer

124

Page     99,     line     41     [Clause     126],     leave out 'on or'.

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Mr Chancellor of the Exchequer

125

Page     101,     line     17     [Clause     127],     leave out 'on or'.

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Mr Chancellor of the Exchequer

80

Page     104,     line     33     [Clause     132],     at end insert—

    '( ) Subsection (2) does not apply to the amendment made by paragraph 8(5) of that Schedule.

    That amendment has effect in relation to supplies made after the day on which this Act is passed.'.

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Mr Chancellor of the Exchequer

7

Page     122,     line     45     [Schedule     2],     leave out from 'any' to end of line 48 and insert 'gaming machine which is a small-prize machine or five-penny machine.'.

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Mr Chancellor of the Exchequer

8

Page     123,     line     4     [Schedule     2],     at end insert—

'(aa) a five-penny machine,'.

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Mr Chancellor of the Exchequer

9

Page     124,     line     44     [Schedule     2],     leave out from beginning to end of line 5 on page 125 and insert—

    '3.—(1) In any case where—

(a) the Commissioners give a default notice,

(b) the due date specified in the notice passes, and

(c) it appears to the Commissioners that at some time during the alleged default period specified in the notice one or more amusement machines were provided for play on the relevant premises so specified without an amusement machine licence being in force in relation to the machines,

    the Commissioners may grant, in accordance with this paragraph, one or more licences in relation to each of the machines.

    (2) In this Schedule—

"default licence" means a licence granted by the Commissioners under sub-paragraph (1) above;

"unlicensed machine" means a machine in relation to which a default licence is granted by the Commissioners.'.

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Mr Chancellor of the Exchequer

16

Page     138,     line     27     [Schedule     6],     leave out sub-paragraph (2).

   

Mr Chancellor of the Exchequer

17

Page     138,     line     37     [Schedule     6],     leave out sub-paragraph (5).

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Mr Chancellor of the Exchequer

18

Page     142,     line     10     [Schedule     6],     leave out sub-paragraph (2).

   

Mr Chancellor of the Exchequer

19

Page     142,     line     36     [Schedule     6],     at end insert—

    'except where he is acting otherwise than for purposes connected with the carrying on of activities authorised by the exemption.

    ( ) Sub-paragraph (5) applies subject to—

(a) any direction under paragraph 148A(1), and

(b) any regulations under paragraph 148A(2).'.

   

Mr Chancellor of the Exchequer

20

Page     142,     line     36     [Schedule     6],     at end insert—

'Exemption: supplies (other than self-supplies) to combined heat and power stations

    14A.—(1) A supply of a taxable commodity to a person is exempt from the levy if—

(a) the commodity is to be used by that person in—

    (i) a fully exempt combined heat and power station, or

    (ii) a partly exempt combined heat and power station,

in producing any outputs of the station, and

(b) the supply is not a supply of electricity that is deemed to be made under paragraph 22(3).

    For this purpose "outputs" has the meaning given by paragraph 147(7).

    (2) Where—

(a) a supply of a taxable commodity to a person would (apart from this sub-paragraph) be exempted in full by sub-paragraph (1), and

(b) at the time the supply is made, the efficiency percentage for the combined heat and power station in which the commodity is to be used by that person is less than the threshold efficiency percentage for the station,

    sub-paragraph (1) only exempts the relevant fraction of the supply.

    (3) For the purposes of sub-paragraph (2), the "relevant fraction" of a supply of a taxable commodity that is to be used in a combined heat and power station is the fraction—

(a) whose numerator is the efficiency percentage for the station at the time the supply is made, and

(b) whose denominator is the threshold efficiency percentage for the station at that time.

    (4) For the purposes of this paragraph—

(a) the "threshold efficiency percentage" for a combined heat and power station is the percentage set as the threshold efficiency percentage for the station by regulations made by the Treasury;

(b) the "efficiency percentage" for a combined heat and power station is the percentage stated as the efficiency percentage for the station in a certificate in force in respect of the station under paragraph 147 (certificate given by Secretary of State that station is fully or partly exempt).

    (5) Paragraph 147A confers power to make provision by regulations for determining the efficiency percentage to be stated in a certificate under paragraph 147.'.

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Mr Chancellor of the Exchequer

21

Page     150,     line     13     [Schedule     6],     leave out from '5(2)' to end of line 14 and insert '(partly exempt combined heat and power stations).'.

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Mr Chancellor of the Exchequer

22

Page     156,     line     47     [Schedule     6],     after 'it,' insert—

    '( ) in the lighting, for the growth of horticultural produce primarily with a view to the production of horticultural produce for sale, of any building or structure,'.

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Mr Chancellor of the Exchequer

23

Page     159,     line     34     [Schedule     6],     leave out paragraph (d) and insert—

'(d) to which a representative of each facility to which it applies is a party,'.

   

Mr Chancellor of the Exchequer

24

Page     159,     line     43     [Schedule     6],     at end insert—

    '( ) In this paragraph and paragraph 47 "representative", in relation to a facility to which an agreement applies, means—

(a) the person who is the operator of the facility at—

    (i) the time the agreement is entered into, or

    (ii) if later, the time the facility last became a facility to which the agreement applies,

or

(b) a person authorised by that operator to agree to the facility being a facility to which the agreement applies.'.

Prepared 14 Jul 2000