Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Michael Howard 91 Schedule 2, page 149, line 26, leave out 'Records' to end of line 27 and insert 'under sub-paragraph (3) above must be made available electronically'.
Mr Michael Howard 92 Schedule 2, page 152, line 45, at end insert 'see regulation 190 of the Value Added Tax Regulations 1995'.
Mr Michael Howard 125 Clause 26, page 22, line 3, leave out subsection (3)
Mr Michael Howard 123 Clause 34, page 26, line 23, leave out 'given' and insert 'issued by the taxpayer'.
Mr Michael Howard 124 Clause 34, page 26, line 26, leave out 'given' and insert 'issued by the Commissioners.'.
Mr Michael Howard 131 Clause 35, page 27, line 13, leave out 'confirmed the decision' and insert 'varied the decision as requested by the applicant'.
Mr Michael Howard 132 Clause 35, page 27, line 15, leave out from 'which' to end of line 18 and insert
Mr Michael Howard 120 Clause 36, page 27, line 25, leave out '(including any confirmation under section 35(4))'.
Mr Michael Howard 99 Clause 147, page 85, line 29, leave out 'business of the company' and insert 'company's trade'.
Mr Michael Howard 100 Clause 147, page 85, line 32, leave out 'do business' and insert 'engage in trading activities'.
Mr Michael Howard 101 Clause 147, page 85, line 33, at end insert'(1A) For the purposes of subsection (1)(b) an agent can only be a person who has authority to and does enter into arrangements on behalf of that person's principal which are contractually binding on that principal.'.
Mr Michael Howard 3 Clause 147, page 85, line 44, leave out paragraph (h) and insert'(2A) A building site or construction or installation project constitutes a permanent establishment only if it lasts more than twelve months.'.
Mr Michael Howard 95 Clause 149, page 89, line 15, at end insert'(3A) Where the UK representative of a non-resident company is a person separate from that company it shall be entitled
(3C) Subsection (3B) above shall not have the effect of discharging the non-resident company from any obligation to furnish information in a case where that obligation has been discharged by its UK representative by virtue only of subsection (3B) above.'.
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 92A 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 98 Page 92, line 16, leave out Clause 155.
Mr Michael Howard [R] 9 Clause 163, page 106, line 9, at beginning insert 'or would' after the bracket.
Mr Michael Howard [R] 10 Clause 163, page 106, line 11, 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 17, after 'to', insert 'reduce or'.
Mr Michael Howard [R] 12 Clause 163, page 106, line 19, 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 133 *Schedule 33, page 376, line 20, after '444AC(2)', insert 'or section 444AF(2)'.
Mr Michael Howard 134 *Schedule 33, page 392, line 36, at end insert'444AF:Transfers of business: modifications of s.83(2) (1) This section applies where there is a relevant transfer, under a scheme, of the whole or any part of the business carried on by a mutual insurance company ("the mutual") to a company which has share capital ("the acquiring company"). (2) In any accounting period of the acquiring company section 83(2) shall apply to so much of the amount brought into account as other income by that company as represents the accrued mutual value, but only as it would have applied before the amendments made by the Finance Act 2003, and if the requirements of subsections (4) and (5) below are satisfied in relation to the shares of a company ("the issuing company") which is either
(4) Shares in the issuing company must have been offered, under the scheme, to at least 90 per cent. of the persons who immediately before the transfer are members of the mutual. (5) Under the scheme, the majority of the shares in the issuing company which were in issue immediately after the transfer was made, other than shares which were issued pursuant to an offer to the public, must have been offered to the persons who (at the time of the offer) were
(7) In this section "relevant transfer" means a transfer from a company to another person of business consisting of the effecting or carrying out of contracts of insurance which is effected under an insurance business transfer scheme. (8) In this section
(10) The Treasury may by regulations provide that any or all of the references in subsections (4) and (5) above to members shall be construed as references to members of a class specified in the regulations; and different provision may be made for different cases. (11) The power to make regulations under this section shall be exercisable by statutory instrument subject to annulment in pursuance of a resolution of the House of Commons.'.
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