Amendments proposed to the Finance Bill - continued	House of Commons
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Mr Paul Boateng

239

Schedule     34,     page     463,     line     10,     leave out sub-paragraph (1) and insert—

'(1)	If any duty payable under section 109 is not paid within the period of 30 days within which payment is to be made, interest is payable on the amount remaining unpaid.'.

   

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

169

Schedule     34,     page     464,     line     3,     leave out paragraphs 7 and 8.

   

Mr Paul Boateng

240

Schedule     34,     page     464,     line     12,     leave out paragraph (a) and insert—

'(aa)   the transferor company;

(ab)   any company that, at any relevant time, was a member of the same group as the transferee company and was above it in the group structure;'.

   

Mr Paul Boateng

241

Schedule     34,     page     464,     line     17,     leave out 'this 'purpose' and insert 'the purposes of this paragraph—

(a)'. 

   

Mr Paul Boateng

242

Schedule     34,     page     464,     line     19,     at end insert—

'(b)   a company is "above" another company in a group structure if it is the parent (within the meaning of the relevant group relief provision)—

(i)	of that company, or

(ii)	of another company that is above that company in the group structure.'.

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

225

Clause     111,     page     89,     line     44,     at end insert—

    '(8A)   This section shall not apply unless the main purpose or one of the main purposes of the execution of the relevant instrument was the avoidance of taxation.'.

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Mr Paul Boateng

243

Schedule     35,     page     467,     line     20,     at end insert—

'Change of control due to interest of loan creditor

4A

(1)

Section 111 does not apply by reason of control of the acquiring company changing as a result of a loan creditor becoming, or ceasing to be, treated as having control of the company if the other persons who were previously treated as controlling the company continue to be so treated.

(2)	In sub-paragraph (1) "loan creditor" has the meaning given by section 417(7) to (9) of the Taxes Act 1988.'.

   

Mr Paul Boateng

244

Schedule     35,     page     467,     line     22,     leave out sub-paragraph (1) and insert—

'(1)	If any duty payable under section 111 or this Schedule is not paid within the period of 30 days within which payment is to be made, interest is payable on the amount remaining unpaid.'.

   

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

170

Schedule     35,     page     468,     line     12,     leave out paragraphs 8 and 9.

   

Mr Paul Boateng

245

Schedule     35,     page     468,     line     22,     after 'company' insert 'and was above it in the group structure'.

   

Mr Paul Boateng

246

Schedule     35,     page     468,     line     32,     at end insert—

'(aa)   a company is "above" another company in a group structure if it controls—

(i)	that company, or

(ii)	another company that is above that company in the group structure;'.

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

171

Clause     112,     page     90,     line     12,     leave out subsection (3).

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

118

Clause     113,     page     90,     line     21,     leave out subsection (1) and insert—

    '(1)   This section applies to a contract or agreement for the sale of an estate or interest in land in the United Kingdom where—

(a)

at the time the contract or agreement is made or at any time thereafter while the contract or agreement is capable of completion by transfer of the legal estate to the purchaser or to any person nominated by the purchaser, the legal estate is vested in a nominee or trustee and the sole or main benefit that may be expected to accrue from the separation of the legal estate from the beneficial interest is the deferral or avoidance of a charge to ad valorem stamp duty, and

(b)	the amount or value of the consideration exceeds £10 million or the instrument forms part of a larger transaction or series of transactions in respect of which the amount or value, or aggregate amount or value exceeds £10 million.'.

   

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

172

Clause     113,     page     90,     line     23,     leave out 'the consideration' and insert 'so much of the consideration as is attributable to the estate or interest in land'.

   

Mr Paul Boateng

247

Clause     113,     page     90,     line     26,     after 'value,' insert 'of the consideration attributable to land in the United Kingdom'.

   

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

226

Clause     113,     page     91,     line     28,     at end insert—

    '(9A)   This section shall not apply unless the main purpose or one of the main purposes of the contract or agreement mentioned in subsection (1) above was the avoidance of taxation.'.

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

173

Clause     114,     page     91,     line     33,     at end insert 'or ordinary trade debts as defined in paragraph 35(5) of Schedule 16 '.

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

237

Clause     120,     page     98,     line     19,     leave out from 'after', to end of line 20 and add '1st April 2002, although the reduced rate may not be applied in practice until the section has been approved by the European Commission.'.

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

227

Clause     132,     page     104,     line     7,     leave out 'requiring' and insert 'permitting'.

   

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

228

Clause     132,     page     104,     line     38,     leave out 'or requirement'.

   

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

229

Clause     132,     page     104,     line     41,     leave out 'or requirement'.

   

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

230

Clause     132,     page     105,     line     5,     at end insert—

'(e)	exempt from the provisions of this section any person who is a practising member of a religious society or order the tenets or beliefs of which are incompatible with the use of such means of electronic communications as may be specified in the regulations.'.

   

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

254

*Clause     132,     page     105,     line     9,     leave out 'required' and insert 'permitted'.

   

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

231

Clause     132,     page     105,     line     20,     leave out subsection (7).

   

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

232

Clause     132,     page     105,     line     44,     leave out subsection (9) and insert—

    '(9)   Regulations under this section shall be made by statutory instrument subject to an affirmative resolution of the House of Commons.'.

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NEW CLAUSES

Parliamentary visits to EU candidate countries: tax treatment of members' expenses

   

Mr Paul Boateng

NC21

*To move the following Clause:—

    '(1)   This section amends—

(a)	section 200 of the Taxes Act 1988 (which treats allowances paid to a Member of Parliament in respect of, among other things, expenses of visiting the national parliament of another member State as not being income for tax purposes), and

(b)	section 200ZA of that Act (which makes corresponding provision in relation to members of the Scottish Parliament, the National Assembly for Wales and the Northern Ireland Assembly).

    (2)   In subsection (3)(b) of section 200, and in paragraph (b) of the definition of "EU travel expenses" in subsection (3) of section 200ZA, after "of another member State" insert "or of a candidate country".

    (3)   After subsection (3) of each section insert—

    "(4)   In subsection (3) above "candidate country" means Bulgaria, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, the Slovak Republic, Slovenia or Turkey.

    (5)   The Treasury shall by order made by statutory instrument make such amendments to the definition in subsection (4) above as are necessary to secure that the countries listed are those that are from time to time candidates for membership of the European Union.".

    (4)   This section applies in relation to sums paid on or after 1st April 2002.'.

Prepared 18 Jun 2002