Vote Bundle Text (930610-02)

Amendments proposed to the Finance Bill - continued	House of Commons

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Mr Paul Boateng

270

Clause 122, page 73, line 2, at end insert—

'completion (in Scotland) section 121'

Mr Paul Boateng

271

Clause 122, page 73, line 6, at end insert—

'discovery assessment Schedule 10, paragraph 28(1)'

Mr Paul Boateng

272

Clause 122, page 73, line 12, at end insert—

'implementation date Schedule 19, paragraph 2(2)'

Mr Paul Boateng

273

Clause 122, page 73, line 24, at end insert—

'notice of enquiry Schedule 10, paragraph 12(1) (in relation to a land transaction return); Schedule 11, paragraph 7(1) (in relation to a self-certificate)'

Mr Paul Boateng

274

Clause 122, page 73, line 30, at end insert—

'reconstruction relief Schedule 7, paragraph 7(1)'

Mr Paul Boateng

275

Clause 122, page 73, line 32, at end insert—

'Revenue determination Schedule 10, paragraph 25(1)'

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 this Part 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 this Part 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.