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S.C.F.

Amendment Paper as at
Tuesday 11th June 2002

STANDING COMMITTEE F


New Amendments handed in are marked thus *

FINANCE BILL

(Except Clauses 4, 19, 23, 26 to 29, 87 to 92, 131 and 134 and Schedules 1, 5 and 38)

NOTE

The Amendments have been arranged in accordance with the Order of the Committee [14th May], as follows:—

Clauses 1 to 3, Clause 5, Schedule 2, Clause 6, Schedule 3, Clauses 7 to 12, Schedule 4, Clauses 13 to 18, Clauses 20 to 22, Clauses 24 and 25, Clauses 30 to 33, Clause 36, Clauses 34 and 35, Clause 37, Schedule 6, Clause 39, Clause 38, Clauses 40 to 42, Schedule 7, Clause 43, Schedule 8, Clause 44, Schedule 9, Clauses 45 and 46, Schedule 10, Clauses 47 to 50, Schedule 11, Clause 51, Clause 117, Clause 52, Schedule 12, Clause 53, Schedules 13 and 14, Clauses 54 and 55, Schedule 15, Clause 56, Schedules 16 and 17, Clause 57, Schedule 18, Clause 58, Schedule 19, Clauses 59 and 60, Schedule 20, Clauses 61 and 62, Schedule 21, Clause 63, Schedule 22, Clauses 64 to 66, Clause 101, Clauses 67 to 78, Schedule 23, Clause 79, Schedule 24, Clauses 80 and 81, Schedule 25, Clause 82, Schedules 26 to 28, Clauses 102 and 103, Clause 105, Clause 83, Schedules 29 and 30, Clause 104, Clause 84, Schedule 31, Clause 85, Schedule 32, Clause 86, Clauses 93 to 100, Clauses 106 and 107, Schedule 33, Clauses 108 and 109, Schedule 34, Clauses 110 and 111, Schedule 35, Clauses 112 to 114, Schedule 36, Clauses 115 and 116, Clauses 118 to 129, Schedule 37, Clause 130, Clauses 132 and 133, Clauses 135 to 140, New Clauses, New Schedules, Schedule 39.

   

Mr Michael Howard [R]
Mr John Bercow
Mr Howard Flight [R]
Mr Christopher Chope
Mr Peter Luff

69

Schedule     18,     page     238,     line     37,     at end insert 'and may include a club which is incorporated.'.

   

Mr Michael Howard [R]
Mr John Bercow
Mr Howard Flight [R]
Mr Christopher Chope
Mr Peter Luff

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'.

   

Mr Mark Hoban

50

Schedule     18,     page 242,     line     42,     leave out 'income and'.

   

Mr Mark Hoban

51

Schedule     18,     page 243,     line     3,     leave out 'income and'.


   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff

18

Schedule     19,     page     246,     line     19,     at end insert—

      '(ia) is a car adapted to run on road fuel gas (with an applicable CO2 emissions figure not exceeding 240 grams per kilometre driven), or.'.

   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff

85

Schedule     19,     page     248,     line     25,     at end add—

    '7   In section 82 (qualifying hire cars), in subsection (1), in paragraph (b) substitute "(3) or (4)" with "(3), (4) or (4A)."

    8   In section 82 after subsection (4) insert "(4A) The fourth case is where the car concerned falls within subsection (1) of section 45D".'.


   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff

19

Clause     59,     page     39,     line     31,     at end insert 'or

      (aa) it is a car adapted to run on road fuel gas (with an applicable CO2 emissions figure not exceeding 240 grams per kilometre driven) or.'.


   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff

20

Schedule     20,     page     249,     line     29,     at end insert—

      '"natural gas" shall include "road fuel gas";

      "road fuel gas" has the same meaning as in section 168AB of the Income and Corporation Taxes Act 1988.'.


   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff

17

Clause     61,     page     40,     leave out lines 14 and 15 and insert—

    '(5)   General exclusion 6 shall not apply to expenditure incurred on or after 17th April 2002.'.


   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff
Sir Robert Smith

Malcolm Bruce

99

Clause     62,     page     40,     line     21,     after 'first-year', insert 'and writing-down'.

   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff
Sir Robert Smith

Malcolm Bruce

100

Clause     62,     page     40,     line     27,     after 'first-year', insert 'and writing-down'.

   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff
Sir Robert Smith

Malcolm Bruce

101

Clause     62,     page     40,     line     31,     after 'amendments', insert 'relating to first-year allowances'.

   

Mr Michael Howard [R]
Mr John Bercow
Mr Howard Flight [R]
Mr Christopher Chope
Mr Peter Luff
Sir Robert Smith

Malcolm Bruce

102

Clause     62,     page     40,     line     32,     at end add—

    '(4)   The amendments relating to writing-down allowances made by that Schedule have effect for chargeable periods beginning on or after 1st January 2003.'.

   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff
Sir Robert Smith

Malcolm Bruce

111

Clause     62,     page     40,     line     32,     at end add—

    '(4)   The Treasury shall report no later than 31st December 2002 on the net monetary effect of this section and sections 90 to 92 of this Act.'.


   

Mr Andrew Smith

94

Schedule     21,     page     251,     line     4,     leave out 'within the relevant period'.

   

Mr Andrew Smith

95

Schedule     21,     page     251,     line     6,     leave out 'not' and insert 'at no time in the relevant period'.

   

Mr Andrew Smith

96

Schedule     21,     page     251,     line     8,     after 'is' insert 'at any time in the relevant period'.

   

Mr Andrew Smith

97

Schedule     21,     page     251,     line     11,     leave out from 'periods' to second 'the' in line 14 and insert ', beginning with the incurring of the expenditure, first ends, namely—

      (a) the period ending with the fifth anniversary of the incurring of the expenditure, or

      (b) the period ending with the day preceding'.

   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff
Sir Robert Smith

Malcolm Bruce

110

Schedule     21,     page     251,     line     41,     leave out '24%' and insert '100%'.

   

Mr Michael Howard
Mr John Bercow
Mr Howard Flight
Mr Christopher Chope
Mr Peter Luff
Sir Robert Smith

Malcolm Bruce

103

Schedule     21,     page     252,     line     4,     at end insert—

    '6A   In section 56 subsection 7 shall be replaced with—

          "(1)   The amount of the writing-down allowance to which a person is entitled for a chargeable period is a percentage of the amount by which AQE exceeds TDR, as shown in the Table—


AMOUNT OF WRITING-DOWN ALLOWANCES
Type of AQE
Amount
AQE incurred on the provision of plant and machinery for use wholly for the purposes of a ring fence trade which is not excluded by section 46 (general exclusions)50%
All other AQE25%"

    6B   In section 56 after subsection (7) add—

          "(8)   The increased writing-down allowance for ring fence trades will only be available for chargeable periods beginning on or after 1st January 2003.

          (9)   In this section "ring fence trade" has the same meaning as in section 45F.".'.

 
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©Parliamentary copyright 2002
Prepared 11 Jun 2002