Amendments proposed to the Finance Bill - continued House of Commons

back to previous text
   

Mr Chancellor of the Exchequer

51

Page     218,     line     17     [Schedule     6],     leave out '(2)' and insert '(3A)'.

   

Mr Chancellor of the Exchequer

52

Page     218,     line     22     [Schedule     6],     leave out from beginning to end of line 23 and insert 'A condition prescribed under sub-paragraph (3A) may, in particular, relate to any of the following—'.

   

Mr Chancellor of the Exchequer

53

Page     218,     line     32     [Schedule     6],     at end insert—

    '(8) The Secretary of State may by regulations make provision for or about—

      (a) certificates under this paragraph;

      (b) applications for such certificates;

      (c) the information that is to accompany such applications.

    (9) The provision that may be made by virtue of sub-paragraph (8)(a) includes in particular—

      (a) provision in respect of the periods for which certificates under this paragraph are to be in force;

      (b) provision for the (non-retrospective) variation or revocation of such certificates.

Determination of efficiency percentages for combined heat and power stations

    147A.—(1) The Treasury may by regulations make provision for determining the percentage that is to be stated in a certificate under paragraph 147 as the efficiency percentage for a combined heat and power station.

    (2) Regulations under this paragraph may, in particular, include—

      (a) provision in respect of methods of calculating efficiency percentages;

      (b) provision in respect of the measurements and data to be used in calculating such percentages;

      (c) provision in respect of the procedures for determining such percentages;

      (d) provision in respect of verifying—

          (i) calculations by which such percentages are produced, and

          (ii) measurements and data used in such calculations;

      (e) provision that, so far as framed by reference to any document, is framed by reference to that document as from time to time in force.

    (3) In making provision under this paragraph, the Treasury must have regard to the object of securing that the efficiency percentage for a combined heat and power station is (save for any appropriate adjustments) a percentage that reflects a fair assessment of the efficiency with which commodities are transformed in the station into electricity or motive power.'.

   

Mr Chancellor of the Exchequer

54

Page     218,     line     49     [Schedule     6],     at end insert—

    '(4) Sub-paragraphs (1) to (3) have effect subject to—

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

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

Person treated as, or as not being, a utility

    148A.—(1) The Commissioners may by direction (a "utility direction") make, in respect of a person (or persons) specified in the direction, provision authorised by sub-paragraph (3).

    (2) The Treasury may by regulations ("utility regulations") make, in respect of any person of a description specified in the regulations, provision authorised by sub-paragraph (3).

    (3) The provision authorised by this sub-paragraph is provision for—

      (a) a person who is an unregulated electricity supplier to be treated for levy purposes as being an electricity utility;

      (b) a person who is an unregulated gas supplier to be treated for levy purposes as being a gas utility;

      (c) a person who is an electricity utility to be treated for levy purposes as not being an electricity utility;

      (d) a person who is a gas utility to be treated for levy purposes as not being a gas utility.

    (4) References in sub-paragraph (3) to provision for a person to be treated in a particular way for "levy purposes" are to provision for him to be treated in that way for—

      (a) the purposes of this Schedule, or

      (b) such of those purposes as are specified in the direction or regulations by which the provision is made.

    (5) The power to make any provision by a utility direction or utility regulations may be exercised so that the provision applies in relation to a person only to an extent specified in, or determined under, the direction or regulations.

    (6) A utility direction cannot take effect until it has been—

      (a) given by the Commissioners to each person in respect of whom it makes provision, and

      (b) published by the Commissioners.

    (7) Paragraph 145(7)(b) and (c) applies to the power to make provision by a utility direction as to a power to make provision by regulations.

    (8) In this paragraph—

      "unregulated electricity supplier" means a person who—

          (a) makes supplies of electricity, and

          (b) is not an electricity utility;

      "unregulated gas supplier" means a person who—

          (a) makes supplies of gas that is in a gaseous state and is of a kind supplied by a gas utility, and

          (b) is not a gas utility.'.


   

Mr Chancellor of the Exchequer

55

Page     219,     line     44     [Schedule     6],     leave out 'in part to the Authority and in part to the Gas and Electricity Consumer Council)' and insert 'to the Authority) or abolished'.


   

Mr Chancellor of the Exchequer

56

Page     220,     line     2     [Schedule     6],     leave out 'in part to the Authority and in part to the Gas and Electricity Consumer Council)' and insert 'to the Authority) or abolished'.


   

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

87

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

   

Mr Chancellor of the Exchequer

88

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

89

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


   

Mr Chancellor of the Exchequer

57

Page     240,     line     12     [Schedule     8],     leave out from 'must' to end of line 13 and insert 'form part of the ordinary share capital of—'.

   

Mr Chancellor of the Exchequer

10

Page     240,     line     34     [Schedule     8],     leave out 'workers''.

   

Mr Chancellor of the Exchequer

11

Page     240,     line     35     [Schedule     8],     at end insert—

    '( ) In sub-paragraph (4) "co-operative" means a registered industrial and provident society which is a co-operative society.

    For this purpose—

      "registered industrial and provident society" means a society registered or deemed to be registered under the Industrial and Provident Societies Act 1965 or the Industrial and Provident Societies Act (Northern Ireland) 1969; and

      "co-operative society" has the same meaning as in section 1 of the 1965 Act or, as the case may be, the 1969 Act.'.


   

Mr David Heathcoat-Amory
Mr Richard Ottaway
Mr Howard Flight

135

Page     248,     line     28     [Schedule     8],     at end insert 'Where an employer pays on behalf of an employee any Class 1 national insurance contributions which would have been due from the employee but for the deduction of partnership share money then that payment shall not be an emolument or benefit chargeable to tax under Schedule E.'.


   

Mr David Heathcoat-Amory
Mr Richard Ottaway
Mr Howard Flight

134

Page     249,     line     12     [Schedule     8],     at end insert—

    '( ) Where there is a charge to income tax under this paragraph as a result of partnership shares ceasing to be subject to the plan, the amount of earnings which the employee is deemed to receive for the purpose of determining any liability for secondary Class 1 national insurance contributions will be equal to the amount of partnership share money used to purchase the partnership shares in question.'.


   

Mr Chancellor of the Exchequer

12

Page     264,     line     36     [Schedule     8],     leave out paragraph 128.


   

Mr Chancellor of the Exchequer

13

Page     267     [Schedule     8],     leave out line 23.


   

Mr Chancellor of the Exchequer

58

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

 
previous section contents continue
 
House of Commons home page Houses of Parliament home page House of Lords home page Search page Enquiries index

©Parliamentary copyright 2000
Prepared 18 Jul 2000