Amendment Paper as at
Wednesday 19th July 2000
CONSIDERATION OF BILL
FINANCE BILL
NOTE
The Amendments have been arranged in accordance with the Order [18th July], as follows:—
New Clauses, amendments relating to Clauses 1 to 6, Schedule 1, Clauses 7 to 17, Schedule 2, Clauses 18 to 22, Schedule 3, Clause 23, Schedule 4, Clause 24, Schedule 5, Clauses 25 to 30, Schedules 6 and 7, Clauses 31 to 47, Schedule 8, Clause 48, Schedule 9, Clauses 49 to 57, Schedule 10, Clauses 58 and 59, Schedule 11, Clause 60, Schedule 12, Clause 61, Schedule 13, Clause 62, Schedule 14, Clause 63, Schedules 15 and 16, Clause 64, Schedule 17, Clause 65, Schedule 18, Clauses 66 to 68, Schedule 19, Clause 69, Schedules 20 and 21, Clauses 70 to 82, Schedule 22, Clauses 83 to 87, Schedule 23, Clauses 88 to 91, Schedule 24, Clause 92, Schedules 25 and 26, Clauses 93 to 97, Schedule 27, Clause 98, Schedule 28, Clauses 99 to 102, Schedule 29, Clause 103, Schedule 30, Clause 104, Schedule 31, Clauses 105 to 116, Schedule 32, Clause 117, Schedule 33, Clauses 118 to 128, Schedule 34, Clauses 129 to 132, Schedule 35, Clause 133, Schedule 36, Clauses 134 to 139, Schedule 37, Clause 140, Schedule 38, Clauses 141 to 146, Schedule 39 and Clauses 147 to 151, New Schedules, amendments relating to Clauses 152 and 153, Schedule 40 and Clause 154.
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'.
Mr Chancellor of the Exchequer
59
Page 35, line 12 [Clause 50], leave out '6th April 2002' and insert '1st January 2003'.
Mr Chancellor of the Exchequer
60
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
1
Page 42, line 14 [Clause 58], leave out 'an account-holding' and insert 'a fundable'.
Mr Chancellor of the Exchequer
2
Page 42, line 44 [Clause 58], leave out '97' and insert '108 or 109'.
Mr Chancellor of the Exchequer
3
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
4
Page 43, line 3 [Clause 58], leave out 'an account-holding' and insert 'a fundable'.
Mr Chancellor of the Exchequer
5
Page 43, line 7 [Clause 58], leave out '96' and insert '104'.
Mr Chancellor of the Exchequer
6
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 Chancellor of the Exchequer
83
Page 293, line 28 [Schedule 13], after 'section', insert ', and the provisions of section 632B below,'.
Mr Chancellor of the Exchequer
84
Page 294, line 10 [Schedule 13], at end insert—
