| Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Michael Howard [R] 65 Clause 48, page 33, line 11, after 'apply', insert 'to the full gain arising on the incorporation of the business or a proportion thereof as specified in the election'.
Mr Michael Howard 36 Page 33, line 7, leave out Clause 48.
Mr Michael Howard 22 Clause 49, page 34, line 15, leave out 'on same day' and insert 'by employees'.
Mr Michael Howard 23 Clause 49, page 34, line 17, leave out 'on the same day and in the same capacity' and insert 'in circumstances in which those shares qualify as business assets for the purposes of section 2A by virtue of paragraph 4(2) of Schedule A1'.
Mr Michael Howard 24 Clause 49, page 34, line 17, leave out 'on the same day' and insert 'during any thirty-day period.'.
Mr Michael Howard 21 Clause 49, page 34, line 24, leave out from 'where' to ', or' in line 26 and insert 'paragraph 44, 45 or 46 of that Schedule (exercise of option to acquire shares) applies'.
Mr Michael Howard [R] 66 Clause 49, page 36, line 46, leave out 'acquired' and insert 'disposed of'.
Mr Michael Howard 52 Clause 50, page 37, line 15, leave out 'has' and insert 'and Schedule (set off of losses treated as accruing to settlors) to this Act have'.
Mr Michael Howard 53 Schedule 11, page 185, line 22, leave out from beginning to end of line 44 on page 187 and insert—'(2) After subsection (5) (computation of tax in cases where gains treated as accruing to settlor etc in respect of trust gains) insert—
Mr Michael Howard 25 Schedule 12, page 189, line 9, after 'enterprise', insert 'or a small or medium-sized enterprise which makes an election pursuant to paragraph 16A below'.
Mr Michael Howard 54 Schedule 12, page 189, line 24, at end insert—'3A. A company's "qualifying R and D expenditure" shall not include any amount in respect of which, under the law of any territory outside the United Kingdom, the company is entitled to a deduction for the purposes of any foreign tax which exceeds the amount of such expenditure.'.
Mr Michael Jack 77 Schedule 12, page 189, line 30, after 'incurred', insert ', whether directly or indirectly'.
Mr Michael Jack 78 Schedule 12, page 189, line 32, after 'stores', insert ', or
Mr Michael Jack 79 Schedule 12, page 189, line 32, at end insert ', or
Mr Andrew Smith 61 Schedule 12, page 192, line 24, leave out 'any' and insert 'that'
Mr Michael Howard 26 Schedule 12, page 194, line 35, at end insert—
'Regulatory simplification 16A. (1) In respect of any financial year any small or medium-sized enterprise may elect to forego the reliefs available to it under Schedule 20 to the Finance Act 2000 (tax relief for expenditure on research and development) and instead claim relief under this Schedule as if it were a large enterprise. (2) Any election pursuant to this paragraph must be made in writing to the Inspector of Taxes prior to the end of the financial year in question.'.
Mr Michael Jack 80 Schedule 12, page 194, line 44, at end insert—'17A (1) Paragraph 5(1) of Schedule 20 to the Finance Act 2000 shall be amended as follows.
(3) In paragraph (b) after "company" insert "together with any Class 1A national insurance contributions paid by the company".'.
Mr Michael Howard 4 Page 37, line 37, leave out Clause 53.
Mr Michael Howard 5 Schedule 13, page 207, leave out lines 18 to 20 and insert—'(1) This Schedule applies to expenditure incurred on or after 1st April 2002.'.
Mr Michael Howard 6 Schedule 14, page 209, line 38, leave out from 'after' to end of line 39 and insert '1st April 2002'.
Mr Michael Howard 13 Page 38, line 1, leave out Clause 54.
Mr Michael Howard 28 Clause 56, page 38, leave out from beginning of line 39 to end of line 9 on page 39 and add—'(3) Schedules 16 and 17 shall come into force on 1st April 2002. (4) For the purposes of subsection (3), Schedule 16 shall have effect in relation to—
Mr Michael Howard 27 Page 39, line 10, leave out Clause 57.
Mr Michael Howard [R] 69 Schedule 18, page 238, line 37, at end insert 'and may include a club which is incorporated.'.
Mr Michael Howard [R] 70 Schedule 18, page 239, line 22, at end insert—'(4) A club does not cease to be open to the whole community under (1) above if it has rules allowing it to expel members for inappropriate or disruptive behaviour.'.
Mr Mark Hoban 41 Schedule 18, page 240, line 28, leave out from beginning to 'and'.
Mr Mark Hoban 42 Schedule 18, page 241, line 1, leave out from beginning to 'and' in line 2.
Mr Mark Hoban 43 Schedule 18, page 241, line 24, leave out from beginning to 'and'.
Mr Mark Hoban 44 Schedule 18, page 242, line 7, leave out 'income and'.
Mr Mark Hoban 45 Schedule 18, page 242, line 11, leave out from 'is' to 'the' in line 14.
Mr Mark Hoban 46 Schedule 18, page 242, line 17, leave out 'income and'.
Mr Mark Hoban 47 Schedule 18, page 242, line 19, leave out 'income and'.
Mr Mark Hoban 48 Schedule 18, page 242, line 22, leave out 'income and'.
Mr Mark Hoban 49 Schedule 18, page 242, line 41, leave out 'income and'.
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