| Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Michael Howard 96 *Clause 149, page 89, line 34, at end insert—'"independent agent", in relation to a non-resident company, means any person who is the non-resident company's UK representative in respect of any agency from the non-resident company in which he was acting on the non-resident's behalf in an independent capacity; and a person shall not be regarded as acting in an independent capacity on behalf of a non-resident company unless, having regard to its legal, financial and commercial characteristics, the relationship between them is a relationship between persons carrying on independent businesses that deal with each other at arm's length;'.
Mr Michael Howard 97 *Clause 150, page 90, leave out lines 5 to 7.
Mr Michael Howard 98 *Page 92, line 16, leave out Clause 155.
Mr Michael Howard 92 *Schedule 26, page 344, leave out lines 36 to 38 and insert—'(c) either—
Mr Michael Howard 93 *Schedule 26, page 345, leave out lines 12 and 13 and insert—'(c) either—
Mr Michael Howard 94 *Schedule 26, page 345, leave out lines 15 to 17.
Mr Michael Howard [R] 9 Clause 163, page 106, line 10, at beginning insert 'or would' after the bracket.
Mr Michael Howard [R] 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] 11 Clause 163, page 106, line 18, after 'to', insert 'reduce or'.
Mr Michael Howard [R] 12 Clause 163, page 106, line 20, at end insert 'in full'.
Mr Paul Boateng 60 Schedule 30, page 360, line 37, at end insert—'(2) In section 46(5) for "or 45E" substitute ", 45E or 45H".'.
Mr Michael Howard [R] 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] 14 Schedule 21, page 246, leave out lines 29 to 35.
Mr Michael Howard [R] 15 Schedule 21, page 246, line 33, leave out from first 'the' 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] 16 Schedule 21, page 247, line 17, leave out 'the day on which this Act is passed' and insert '1st January 2004'.
Mr Michael Howard [R] 17 Schedule 21, page 247, line 22, at end insert—'( ) Omit paragraph 5 (unnecessary and non-incidental features)'.
Mr Michael Howard [R] 18 Schedule 21, page 249, line 27, leave out '9th April 2003' and insert '1st January 2004'.
Mr Michael Howard [R] 20 Schedule 21, page 249, line 28, at end insert—'( )Omit paragraph 5 (unnecessary and non-incidental features).'.
Mr Michael Howard [R] 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] 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] 21 Schedule 21, page 250, line 32, leave out 'of the right' and insert 'of a rigNpcquire shares granted after 9th April 2003 where that right is exercised'.
Mr Michael Howard [R] 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] 23 Schedule 21, page 250, line 39, at end insert—
'Part 4Updating of scheme rules to reflect this Schedule(26) 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 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] 24 Schedule 22, page 254, leave out lines 5 to 8.
Mr Michael Howard [R] 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] 26 Schedule 22, page 258, line 22, leave out 'as holders of the shares'.
Mr Michael Howard [R] 27 Schedule 22, page 259, line 45, leave out 'given' and insert 'received'.
Mr Michael Howard [R] 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.'.
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