Vote Bundle Text (930512-05)

Amendments proposed to the Finance Bill - continued	House of Commons

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Adam Price
Mr Elfyn Llwyd
Mr Simon Thomas
Hywel Williams

*Clause 69, page 47, line 41, at end add—

(f)	CADW: Welsh Historic Monuments.'.

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

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

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

*Clause 125, page 74, line 31, at end add 'or transactions excluded from stamp duty land tax by Part 3 of Schedule 15 to this Act'.

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

*Clause 125, page 74, line 34, at end add 'or which is the subject of a transaction excluded from stamp duty land tax by Part 3 of Schedule 15 to this Act'.

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

*Clause 125, page 75, line 11, leave out from 'instruments' to end of line 13 and insert—

'if they are executed on or after the implementation date for the purpose of stamp duty land tax (see Schedule 19 to this Act.'.

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

*Schedule 20, page 244, line 4, at end add—

'Clearance procedure

2A(1) The following provisions shall have effect where in pursuance of Part 1 of this Schedule a person furnishes to the Inland Revenue particulars of things done or to be done by him (either alone or together with others) to seek confirmation of a just and reasonable apportionment of any consideration, that is to say—

(a) if the Inland Revenue are of the opinion that the particulars, or any further information furnished in pursuance of this paragraph, are not sufficient for the purposes of Part 1 of this Schedule, they shall within 30 days of the receipt thereof notify to that person what further information they require for those purposes, and unless that further information is furnished to the Inland Revenue within 30 days from the notification, or such further time as the Inland Revenue may allow, they shall not be required to proceed further under this section;

(b) subject to sub-paragraph (1)(a) above, the Inland Revenue shall within 30 days of the receipt of the particulars, or, where that sub-paragraph has effect, of all further information required, notify that person whether or not they are satisfied that the apportionment proposed is just and reasonable;

and, subject to the following provisions of this paragraph, if the Inland Revenue notify him that they are so satsified, the apportionment proposed shall be deemed to have been done on a just and reasonable basis.

(2) If the particulars, and any further information given under this paragraph with respect to any transaction or transactions, are not such as to make full and accurate dislosure of all facts and considerations relating thereto which are material to be known to the Inland Revenue, any clearance given by them under this paragraph shall be void.

(3) In no event shall the giving of a clearance under this paragraph with respect to any transaction or transactions prevent this paragraph applying to a person in respect of transactions which include that transaction or all or some of those transactions and also include another transaction or other transactions.'.

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

*Schedule 20, page 244, leave out lines 27 to 36.

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

*Clause 126, page 75, line 22, leave out subsection (2).

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

*Clause 126, page 75, line 34, leave out lines 34 to 36 and insert 'reacquired by a group company by a transfer which was—

(i)	at a just and reasonable value under a duly stamped instrument on which ad valorem duty was paid and not subject to a claim for group relief; or

(ii)	at a just and reasonable value under a chargeable transaction in respect of which stamp duty land tax was paid and not subject to a claim for relief under Part 1 of Schedule 7 to the Finance Act 2003; or

(ii)	exempt from duty or exempt from stamp duty land tax.'.

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

*Clause 126, page 76, line 16, leave out lines 16 to 18 and insert 'reacquired by a group company by a transfer which was—

(i)	at a just and reasonable value under a duly stamped instrument on which ad valorem duty was paid and not subject to a claim for group relief; or

(ii)	at a just and reasonable value under a chargeable transaction in respect of which stamp duty land tax was paid and not subject to a claim for relief under Part 1 of Schedule 7 to the Finance Act 2003; or

(iii)

except from duty or exempt from stamp duty land tax.'.

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

*Clause 126, page 76, line 30, leave out '14th April 2003' and insert 'the day on which this Act is passed'.

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

*Clause 126, page 76, line 32, leave out '9th April 2003' and insert '14th April 2003'.

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

*Clause 126, page 76, line 32, leave out '9th April 2003' and insert 'the day on which this Act is passed'.

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

*Clause 126, page 76, line 39, leave out subsection (11).

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

*Clause 127, page 76, line 43, leave out subsection (2).

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

*Clause 127, page 77, line 8, leave out lines 8 to 10 and insert 'reacquired by a group company by a transfer which was—

(i)	at a just and reasonable value under a duly stamped instrument on which ad valorem duty was paid and not subject to a claim for section 76 relief; or

(ii)	at a just and reasonable value under a chargeable transaction in respect of which stamp duty land tax was paid and not subject to a claim for relief under Part 1 of Schedule 7 to the Finance Act 2003; or

(iii)

exempt from duty or exempt from stamp duty land tax.'.

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

*Clause 127, page 77, line 29, leave out lines 29 to 31 and insert 'reacquired by a group company by a transfer which was—

(i)	at a just and reasonable value under a duly stamped instrument on which ad valorem duty was paid and not subject to a claim for section 76 relief; or

(ii)	at a just and reasonable value under a chargeable transaction in respect of which stamp duty land tax was paid and not subject to a claim for relief under Part 1 of Schedule 7 to the Finance Act 2003; or

(iii)

exempt from duty or exempt from stamp duty land tax.'.

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

*Clause 127, page 77, line 32, leave out '14th April 2003' and insert 'the day on which this Act is passed.'.

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

*Clause 127, page 77, line 34, leave out '9th April 2003' and insert 'the day on which this Act is passed.'.

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

*Clause 127, page 77, line 34, leave out '9th April 2003' and insert '14th April 2003.'.

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

*Clause 127, page 77, line 41, leave out subsection (9).

NEW CLAUSES

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.'.

Top rate of income tax

Adam Price
Mr Elfyn Llwyd
Mr Simon Thomas
Mr Hywel Williams

NC2

*To move the following Clause:—

'A top rate of income tax (on earnings over £50,000) shall be charged for the year 2003-04, and for that year the top rate shall be charged at 50%.

ORDER OF THE HOUSE [6th MAY 2003]

That the following provisions shall apply to the Finance Bill:

Committal

1.—(1) Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19, 21, 22 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, shall be committed to a Committee of the whole House.

(2) The remainder of the Bill shall be committed to a Standing Committee.

2. Proceedings in Committee of the whole House shall be completed in two days.

3.—(1) Proceedings in the Standing Committee shall (so far as not previously concluded) be brought to a conclusion on 12th June 2003.

(2) The Standing Committee shall have leave to sit twice on the first day on which it meets.

4. When the provisions of the Bill considered, respectively, by the Committee of the whole House and by the Standing Committee have been reported to the House, the Bill shall be proceeded with as if it had been reported as a whole to the House from the Standing Committee.

Other proceedings

5. Any other proceedings on the Bill may be programmed.

ORDER OF THE HOUSE [8th MAY 2003]

That the programme order of 6th May 2003 shall be amended by the substitution in paragraph (1) (provisions committed to Committee of the whole House) of the words 'Schedules Nos. 5, 6, 19 and 25' for the words 'Schedules Nos. 5, 6, 19, 21, 22 and 25'.




©Parliamentary copyright 2003	Prepared 12 May 2003