Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Michael Howard [R] 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
Mr Michael Howard [R] 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 [R] 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 [R] 78 Clause 127, page 77, line 34, leave out '9th April 2003' and insert '14th April 2003.'.
Mr Michael Howard [R] 79 Clause 127, page 77, line 41, leave out subsection (9).
Mr David Laws 201 Clause 128, page 77, line 45, leave out 'to which this subsection applies'.
Mr David Laws 195 Clause 128, page 78, line 9, leave out subsection (3).
Mr David Laws 196 Clause 128, page 78, line 17, leave out subsection (4).
Mr David Laws 197 Clause 129, page 78, line 39, leave out '2000' and insert '1995'.
Mr Michael Howard [R] 251 Clause 136, page 81, line 7, at end insert'(2A) A payment equivalent to a weekly amount not exceeding twice the amount of the national minimum wage in force from time to time shall be assumed to be reasonable for the purposes of subsection (1).'.
Mr Michael Howard [R] 213 Schedule 23, page 323, line 34, after 'company', insert 'or another group company'.
Mr Michael Howard [R] 214 Schedule 23, page 324, line 2, after 'company', insert 'or another group company'.
Mr Michael Howard [R] 215 Schedule 23, page 324, line 7, leave out 'the company mentioned in sub-paragraph (1)' and insert 'the company by whom the employee is employed or if that company is not the company for which the employee actually works, the company for which he actually works.'.
Mr Michael Howard [R] 216 Schedule 23, page 324, line 22, after 'business', insert ', or the part of the business'.
Mr Michael Howard [R] 220 Schedule 23, page 324, line 23, after 'company', insert 'or by a group company'.
Mr Michael Howard [R] 217 Schedule 23, page 324, line 25, after 'A', insert 'part of a'.
Mr Michael Howard [R] 218 Schedule 23, page 324, line 25, leave out 'or to the extent that,'.
Mr Michael Howard [R] 219 Schedule 23, page 324, line 27, leave out 'the business' and insert 'that part'.
Mr Michael Howard [R] 225 Schedule 23, page 324, leave out line 30.
Mr Michael Howard [R] 226 Schedule 23, page 324, leave out lines 31 to 38.
Mr Michael Howard [R] 227 Schedule 23, page 325, leave out lines 6 to 7.
Mr Michael Howard [R] 221 Schedule 23, page 325, line 11, leave out 'parent' and insert 'group'.
Mr Michael Howard [R] 228 Schedule 23, page 325, line 26, leave out 'award' and insert 'shares'.
Mr Michael Howard [R] 229 Schedule 23, page 325, line 35, leave out from 'between' to end of line 41 and insert 'the amount on which the recipient is liable for income tax, or would be if the conditions specified in paragraph 7(1)(b) were met.'.
Mr Michael Howard[R] 230 Schedule 23, page 326, line 24, leave out from 'recipient' to end of line 28 and insert 'is liable for income tax in respect of the shares, or would be if the conditions specified in paragraph 7(1)(b) were met.'.
Mr Michael Howard [R] 222 Schedule 23, page 326, line 40, leave out 'parent' and insert 'group'.
Mr Michael Howard [R] 223 Schedule 23, page 327, line 27, after 'consideration', insert ', apart from the release of the old option,'.
Mr Michael Howard [R] 232 Schedule 23, page 328, line 26, at end insert'14A. Where under generally accepted accounting principles the employing company recognised an expense in connection with the grant of an option, the amount of relief is equal to the amount of the expense recognised on grant.'.
Mr Michael Howard [R] 236 Schedule 23, page 329, line 2, at end insert
"Cancellation of options (2) The payment must be made either by the employing company, or a company which subsequently becomes a qualifying company within the meaning of paragraph 13 following a takeover of the company whose shares are the subject of the option. (3) Relief under this paragraph shall be claimed by the company which makes the payment in respect of the accounting period in which the payment is made. (4) In this paragraph
Mr Michael Howard [R] 235 Schedule 23, page 329, line 18, leave out from beginning to end of line 22 and insert'(1) Relief shall be given for the accounting period or periods in which, applying generally accepted accounting principles, the employing company would recognise an expense or a provision against a future expense (in either case "the accounting expense") if
(3) Where relief has been given under this Part in respect of an option which subsequently lapses or is cancelled without being exercised then
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