S.C.A.
Amendment Paper as at
Thursday 11th May 2006
STANDING COMMITTEE A
New Amendments handed in are marked thus *
FINANCE (NO. 2) BILL
(except Clauses 13 to 15, 26, 61, 91 and 106, Schedule 14, and new Clauses relating to the effect of provisions of the Bill on section 18 of the Inheritance Tax Act 1984)
NOTE
The amendments have been arranged in accordance with the Order of the Committee [9th May]
Dawn Primarolo
1
Clause 9, page 10, line 4 [Vol 1], leave out ', where VAT is charged in respect of the use'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
2
Clause 18, page 20, line 32 [Vol 1], at end add 'but not before 1st September 2006.'.
Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming
58
Clause 19, page 21, line 6 [Vol 1], leave out from '(10)' to end of line 10.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
3
Clause 19, page 23, line 17 [Vol 1], at end insert—
'But no order may be made under this subsection on or after 22nd March 2009.'.
Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming
59
Clause 20, page 23, line 32 [Vol 1], at end add 'as required to be shown on the underlying tax invoice'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
4
Clause 21, page 24, line 41 [Vol 1], leave out subsection (6).
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
29
Clause 23, page 26, line 10 [Vol I], at end add—
'(2) In the Taxes Management Act 1970, the time limits for delivery of—
| (a) | Personal tax returns set out in sections 8 and 9, |
| (b) | Trustee's returns set out in section 8A, |
| (c) | Partnership returns set out in section 12AA, |
shall apply for the years 2006-07 to 2010-11 inclusive.
(3) The time limits referred to in subsection (2) shall continue to apply in subsequent years unless, following a period of full consultation in accordance with the Code of Practice on Consultation, Parliament shall decide by primary legislation to amend those time limits.'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
45
Clause 24, page 26, line 13 [Vol I], at end add—
'(2) The filing dates mentioned in Finance Act 1998, Schedule 18, paragraph 14 shall apply for the years 2006-07 to 2010-11 inclusive.
(3) The time limits referred to in subsection (2) shall continue to apply in subsequent years unless, following a period of full consultation in accordance with the Code of Practice on Consultation, Parliament shall decide by primary legislation to amend those time limits.'.
Mr David Gauke
57
Page 27, line 22 [Vol I], leave out Clause 27.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
25
Schedule 1, page 150, line 7 [Vol 1], leave out from 'arrangements' to end of line 9.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
28
Schedule 1, page 150, line 11 [Vol 1], leave out from 'secure' to end of line 12 and insert 'that the amount in question was not eligible for qualifying relief within the meaning of Schedule 18A paragraphs 6, 7, or 8.'.
Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous
5
Schedule 1, page 153, line 35 [Vol 1], leave out from 'liability' to end of line 36.
Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous
6
Schedule 1, page 153, line 38 [Vol 1], after 'every' insert 'reasonable'.
Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous
7
Schedule 1, page 154, line 19 [Vol 1], leave out from 'liability' to end of line 20.
Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous
8
Schedule 1, page 154, line 23 [Vol 1], leave out 'immediately after the end of the current period' and insert 'when the claim for group relief was made'.
Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous
9
Schedule 1, page 155, line 5 [Vol 1], leave out from 'liability' to end of line 6.
Dawn Primarolo
22
Schedule 1, page 156, line 22 [Vol I], after 'the' insert 'relevant proportion (see sub-paragraph (5)) of the'.
Dawn Primarolo
23
Schedule 1, page 156, line 32 [Vol I], at end insert 'and "the relevant proportion" means the proportion that the appropriate part of the EEA amount bears to the EEA amount'.
Mr David Gauke
56
Page 147, line 7 [Vol I], leave out Schedule 1.
Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming
60
Clause 30, page 28, line 20 [Vol 1], leave out '12' and insert '24'.
Julia Goldsworthy
Mr Colin Breed
John Thurso
John Hemming
61
Clause 30, page 28, line 31 [Vol 1], leave out from 'in' to end of line 32 and insert '2006-08 or financial year 2006 and 2007.".'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
30
Clause 31, page 29 [Vol I], leave out lines 3 and 4.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
47
Clause 32, page 29, line 14 [Vol I], at end insert '; but notwithstanding the provisions of this section, a company is only a "film production company" if it meets the conditions for film tax relief as set out in section 38 of this Act.'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
31
Clause 32, page 29, line 18 [Vol I], leave out 'pre-production'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
32
Clause 32, page 29 [Vol I], leave out lines 24 and 25.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
33
Clause 32, page 29, line 26 [Vol I], at end insert—
'(3A) The Treasury may, by regulations—
| (a) | amend subsection (3); and |
| (b) | provide that specified activities are or are not to be regarded for the purposes of this Chapter as film making activities; |
and in this subsection "specified" means specified in the regulations.'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
46
Clause 32, page 29, line 27 [Vol I], after 'company', insert 'resident in the United Kingdom (and not resident in another place in accordance with the law of that place relating to taxation)'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
34
Clause 34, page 30, line 19 [Vol I], after 'on', insert 'development,'.
Dawn Primarolo
26
Clause 35, page 30, line 36 [Vol 1], leave out from beginning to end of line 37 and insert 'goods or services that are used or consumed in the United Kingdom'.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
35
Clause 35, page 30, line 37 [Vol I], at end insert—
'But for the purposes of this subsection—
| (a) | services provided in relation to rented equipment shall be considered to have been performed in the United Kingdom where the equipment is used in the United Kingdom; and |
| (b) | where goods are initially supplied in the United Kingdom, their subsequent transport and use outside the United Kingdom shall not prevent the relevant expenditure from being treated as UK expenditure.'. |
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
40
Schedule 4, page 165 [Vol I], leave out lines 15 to 17.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous
42
Schedule 4, page 165, line 26 [Vol I], at end insert—
| '(1A) | Where a company incurs expenditure on the development of a film that is abandoned before pre-production and subsequently begins to carry on a trade as a film production company in relation to another film, the expenditure may be treated as expenditure of the trade of the second film and as if incurred immediately after the company began to carry it on. Provided that the same expenditure is not to be given more than once.'. |
