Amendments proposed to the Finance Bill - continued House of Commons

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

66

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

68

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

73

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

74

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

69

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

70

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

71

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

72

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

75

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

80

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

81

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

76

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

77

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

78

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

79

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'.


 
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