| Amendments proposed to the Finance Bill - continued | House of Commons |
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Mr Michael Howard [R] 233 Schedule 23, page 329, line 18, leave out 'The relief' and insert 'Relief under paragraph 15 (amount of relief on exercise)'.
Mr Michael Howard [R] 234 Schedule 23, page 329, line 19, at end insert—'(1A) Relief under paragraph (amount of relief on grant) is given for the accounting period in which the option is granted.'.
Mr Michael Howard [R] 231 Schedule 23, page 329, line 23, leave out from beginning to end of line 7 on page 332.
Mr Michael Howard [R] 224 Schedule 23, page 333, line 10, after 'shares', insert 'and, in a case where the shares are acquired under an employee share scheme, corporation tax shall not be chargeable on any amount paid or payable by the employing company in respect of the participation of the employee in that scheme.'.
Mr Michael Howard [R] 237 Schedule 23, page 334, line 26, at end insert—"Transfer pricing 29A Any provision made by any company on the basis of the rules in this Schedule is an arm's length provision for the purposes of Schedule 28AA to the Taxes Act 1988 (provision not at arm's length).'.
Mr Michael Howard [R] 238 Schedule 23, page 334, line 41, after 'shares', insert 'that is not a warrant'.
Mr Michael Howard [R] 239 Schedule 23, page 334, line 41, after 'shares', insert 'including a warrant'.
Mr Michael Howard [R] 240 Schedule 23, page 334, line 44, leave out from 'includes' to end of line 1 on page 335 and insert 'has the same meaning as "securities" in section 420 of the Income Tax (Earnings and Pensions) Act 2003.'.
Mr Michael Howard [R] 241 Schedule 23, page 335, line 29, at end insert 'The award of shares or grant of an option prior to that date shall not prevent relief being given under this Schedule in respect of those shares or that option.'.
Mr Michael Howard [R] 242 Clause 141, page 82, line 8, at end insert—'(1A) Section 68 of that Act (principal charges to tax) shall be amended as follows:
Mr Michael Howard [R] 243 Clause 141, page 82, line 17, at end insert—
Mr Michael Howard [R] 244 Schedule 24, page 336, line 40, after 'asset', insert 'on trust'.
Mr Michael Howard [R] 245 Clause 156, page 93, line 25, after 'other', insert '(whether or not section 58(1) applies to the disposal.'.
Mr Michael Howard [R] 246 Clause 156, page 94, line 44, leave out '9th' and insert '16th'.
Mr Michael Howard [R] 247 Clause 159, page 96, line 45, leave out 'or an eligible beneficiary'.
Mr Michael Howard [R] 248 Clause 159, page 97, line 41, leave out '6th April 2004' and insert '9th April 2003'.
Mr Michael Howard [R] 249 Clause 161, page 100, line 18, after 'assessment', insert 'or accounting period as defined by the Corporation Tax Acts.(8A) This section shall apply in computing the allowable losses accruing after 9th April 2003 to a company within the charge to corporation tax.'.
Mr Michael Howard [R] 250 Clause 161, page 104, line 5, after 'losses', insert 'but more than one notice satisfying the requirements of this section may be contained in a single document'.
Mr Michael Howard 208 Clause 162, page 105, leave out lines 21 to 39.
Mr Michael Howard 209 Clause 162, page 105, line 28, leave out 'that date' and insert '9th April 2003'.
Mr Michael Howard 210 Schedule 29, page 354, line 16, at end insert—'(3A) Where any outstanding section 87/89 gains of a settlement are brought into the settlement's Schedule 4C pool by virtue of any provision of this Schedule, they shall thereafter no longer be available for attribution to beneficiaries of that settlement under sections 87(4) or 89(2), nor shall they thereafter be outstanding trust gains of that settlement within the meaning of section 90(2) or (3) on any subsequent occasion to which section 90 might otherwise apply.'.
Mr Michael Howard 212 Schedule 29, page 355, line 12, after 'the', insert 'available capital payments'.
Mr Michael Howard 211 Schedule 29, page 356, line 34, at end insert—'(4) Where in any year gains are attributed under section 87(4) or section 89(2) to beneficiaries who are chargeable to tax within the meaning of paragraph 8(4), the amount so attributed shall in future years thereafter no longer form part of the Schedule 4C pool of any settlement which is a relevant settlement in relation to that pool.'.
Mr Michael Howard 202 Clause 175, page 111, line 18, at end insert—'(1A) The provisions of Schedule 36 have effect in relation to adult placement carers with the modifications specified in subsections (1B) to (1G) below. (1B) References to the "provision of foster care" are to the provision of services under a placement agreement as an adult placement carer. (1C) The expressions "placement agreement" and "adult placement carer" have the meanings given to them by regulation 45 of the Care Homes Regulations 2001 (S.I. 2001/3965) ("Regulation 45"), and paragraph 4 does not apply. (1D) References to a "foster care arrangement" are to arrangements by which an individual provides services under a placement agreement as an adult placement carer otherwise than as part of a trade, profession or vocation carried on by that individual. (1E) References to "foster care receipts" and "total foster care receipts" are to receipts in respect of the provision of services under a placement agreement as an adult placement carer. (1F) References to a child are to a service user within the meaning of Regulation 45. (1G) The weekly amount for a service user for the purposes of ascertaining the individual's limit is £270, and paragraph 8(2) does not apply.'.
Mr Michael Howard 203 Schedule 36, page 408, line 23, at end insert—'(7) The Treasury may by order substitute, for the fixed amount in subsection (1), a higher figure in relation to a residence in a high-cost area designated by them for the purposes of this paragraph.'.
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