House of Commons portcullis
House of Commons

Publications on the internet
Index of Amendments

S.C.B.

NOTICES OF AMENDMENTS

given up to and including

Thursday 8th May 2003


STANDING COMMITTEE B

FINANCE BILL


(Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.)


   

Mr Michael Howard
Mr Howard Flight
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

1

Clause     17,     page     15,     line     42,     at end insert—

    '(6)   If the Commissioners enforce their security to secure payment of any VAT that is due from a person other than the taxable person, the taxable person may recover the amount of that VAT from that other person.'.


   

Mr Michael Howard
Mr Howard Flight
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

2

Clause     18,     page     17,     line     31,     at end insert—

    '(11)   A person served with a notice under this section may recover any amount that he pays to the Commissioners pursuant to the notice from the person who, apart from this section, would be liable for the VAT specified in the notice.'.


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

4

Clause     43,     page     30,     line     7,     leave out from 'provision' to end.



[R] Relevant registered interest declared.


   

Mr Michael Howard
Mr Howard Flight
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

3

Clause     147,     page     85,     line     44,     leave out paragraph (h) and insert—

    '(3)   A building site or construction or installation project constitutes a permanent establishment only if it lasts more than twelve months.'.


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

9

Clause     163,     page     106,     line     10,     at beginning insert 'or would' after the bracket.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

10

Clause     163,     page     106,     line     12,     leave out subsection (2) and insert—

    '(2)   If, as a result of a tax avoidance scheme, the amount to be brought into account as the proceeds from the event is less than it would otherwise have been, the amount of any balancing allowance to which the taxpayer would otherwise be entitled shall be equal to the amount that (but for the provisions of this section) it would have been if the tax avoidance scheme had not been implemented.'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

11

Clause     163,     page     106,     line     18,     after 'to', insert 'reduce or'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

12

Clause     163,     page     106,     line     20,     at end insert 'in full'.


NEW CLAUSE

Tax credits for individual savings accounts and personal equity plans

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien [R]
Mr Mark Prisk [R]
Mr David Wilshire

NC1

To move the following Clause:—

       '.—Section 76(1)(a) of the Finance Act 1998 (c. 36) shall cease to have effect.'.


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

5

Schedule     4,     page     155,     line     38,     leave out from beginning to end of line 3 on page 156.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

6

Schedule     4,     page     160,     leave out lines 11 to 13.


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

7

Schedule     8,     page     179,     line     41,     leave out from beginning to end of line 4 on page 180.


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
Mr David Wilshire

8

Schedule     15,     page     231,     line     1,     leave out from beginning to end of line 4.


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

13

Schedule     21,     page     246,     line     4,     leave out from 'participants' to end of line 6 and insert 'identifying by name and national insurance number those participants who have participated in the approved SIP and the awards made to them.'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

14

Schedule     21,     page     246,     leave out lines 29 to 35.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

15

Schedule     21,     page     246,     line     33,     leave out from 'period' to end of line 35 and insert 'fifth anniversary of the award of the shares on which the relevant dividend was paid'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

16

Schedule     21,     page     247,     line     17,     leave out 'the date on which this Act is passed' and insert '1st January 2004'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

17

Schedule     21,     page     248,     line     26,     at end insert '( ) Omit paragraph 5 (unnecessary and non-incidental features)'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

18

Schedule     21,     page     249,     line     27,     leave out '9th April 2003' and insert '1st January 2004'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

19

Schedule     21,     page     249,     line     38,     leave out 'the date on which this Act is passed' and insert '1st January 2004'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

20

Schedule     21,     page     250,     line     22,     at end insert—

    '( )   Omit paragraph 5 (unnecessary and non-incidental features).'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

21

Schedule     21,     page     250,     line     32,     leave out 'of the right' and insert 'of a right to acquire shares granted after 9th April 2003 where that right is exercised'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

22

Schedule     21,     page     250,     line     32,     leave out 'of the right' and insert 'of a right to acquire shares granted on or after 1st January 2004 where that right is exercised'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

23

Schedule     21,     page     250,     line     39,     at end insert—

'Part Four

Updating of scheme rules to reflect this Schedule

    ( )   Where before 1st April 2004 the scheme organiser of an approved SIP, or of an approved SAYE scheme, or of an approved CSOP scheme, applies to the Inland Revenue to amend the rules of that scheme to reflect the provisions of this Schedule 21 then, at the election of the scheme organiser, any such amendment may be deemed to have been included in the original rules of the scheme in question and the terms of any award or grant made under it.'.


   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

24

Schedule     22,     page     254,     leave out lines 5 to 8.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

25

Schedule     22,     page     257,     line     40,     at end insert 'Participation by an employee or prospective employee in an offer to the public where that offer or ancillary arrangements contain provisions relating to employment or the ability to dispose of securities acquired through the offer shall not of themselves mean that any securities so acquired are not acquired under the terms of an offer to the public.'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

26

Schedule     22,     page     258,     line     22,     leave out 'as holders of the shares'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

27

Schedule     22,     page     259,     line     45,     leave out 'given' and insert 'received'.

   

Mr Michael Howard [R]
Mr Howard Flight [R]
Mr Stephen O'Brien
Mr Mark Prisk
David Maclean
Mr David Wilshire

28

Schedule     22,     page     260,     line     24,     at end insert 'An event which qualifies under more than one of the sub-paragraphs of subsection (3) below shall be a reportable event only in respect of the earliest sub-paragraph by virtue of which it is a reportable event.'.

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

©Parliamentary copyright 2003
Prepared 8 May 2003