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.'.
