Amendments proposed to the Note - continued	House of Commons
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Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

53

Schedule     4,     page     166,     line     19     [Vol I],     leave out paragraphs 7, 8 and 9 and insert—

'7

For the purposes of this Schedule profits and losses are calculated in accordance with generally-accepted United Kingdom accounting principles.'.

   

Mr David Gauke

55

Schedule     4,     page     167,     line     4     [Vol I],     at end insert '; and accordingly—

(a)   where, within six years of the end of the first period of account, it becomes clear that the original estimates were incorrect, the film production company can elect in writing to amend the original tax computations to reflect the correct position;

(b)   income taxed under the provisions of paragraph 7 of this Schedule shall not be taken into account for tax purposes in a subsequent period of account.'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

41

Schedule     4,     page     167     [Vol I],     leave out lines 6 to 17.

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Dawn Primarolo

27

Clause     39,     page     31,     line     28 [Vol 1],     leave out subsection (3) and insert—

    '(3)   Whether this condition is met is determined for each accounting period of the film production company during which film-making activities are carried on in relation to the film, in accordance with the following rules.

    (4)   If at the end of an accounting period the film is intended for theatrical release, the condition is treated as having been met throughout that period (subject to subsection (5)(b)).

    (5)   If at the end of an accounting period the film is not intended for theatrical release, the condition—

(a)	is treated as having been not met throughout that period, and

(b)	cannot be met in any subsequent accounting period.

This does not affect any entitlement of the company to relief in an earlier accounting period for which the condition was met.'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

43

Clause     39,     page     31,     line     28     [Vol I],     leave out subsection (3) and insert—

    '(3)   Whether this condition is met may be determined at any time after film making activities begin, so long as the film is intended for theatrical release prior to delivery of the completed film'.

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Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

44

Clause     41,     page     32,     line     4     [Vol I],     at end insert 'and expenditure incurred by a person which is reimbursed by a film production company shall be deemed to be expenditure by the film production company for the purposes of this section where it would have fallen within this section had it been incurred directly by the film production company'.

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Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

54

Schedule     5,     page     170,     line     5     [Vol I],     after 'pay' insert 'within 90 days of the claim being made, subject to sub-paragraphs (3) and (4) below,'.

   

Dawn Primarolo

24

Schedule     5,     page     173,     line     33     [Vol I],     leave out 'that Chapter' and insert 'Chapter 3 of Part 3 of the Finance Act 2006'.

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Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

36

Clause     45,     page     33,     line     21     [Vol I],     leave out 'qualifying'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

37

Clause     45,     page     33,     line     26     [Vol I],     leave out 'qualifying'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

38

Clause     45,     page     33,     line     32     [Vol I],     leave out first 'qualifying'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

39

Clause     45,     page     34,     line     6     [Vol I],     leave out from 'Schedule 4' to end of line 8.

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Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

48

Clause     46,     page     34,     line     13     [Vol I],     after 'film' insert 'by a film production company'.

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Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

49

Clause     47,     page     34,     line     42     [Vol I],     after 'film' insert 'by a film production company'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

50

Clause     47,     page     35,     line     2     [Vol I],     after 'film' insert 'by a film production company'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

51

Clause     47,     page     35,     line     4     [Vol I],     after 'film' insert 'by a film production company'.

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

52

Clause     47,     page     35,     line     7     [Vol I],     after 'incurred' insert 'by a film production company'.

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Dawn Primarolo

62

*Clause     54,     page     40,     line     21      [Vol     I],     leave out 'value' and insert 'limit'.

   

Dawn Primarolo

63

*Clause     54,     page     40,     line     25     [Vol     I],     at end insert—

    '(9)   A registered social landlord or housing association shall not be treated as a substantial donor in relation to a charity with which it is connected; and for that purpose—

(a)	"registered social landlord or housing association" means a body entered on a register maintained under—

(i)	section 1 of the Housing Act 1996,

(ii)	section 57 of the Housing (Scotland) Act 2001, or

(iii)

Article 14 of the Housing (Northern Ireland) Order 1992, and

(b)	a body and a charity are connected if (and only if)—

(i)	the one is wholly owned, or subject to control, by the other, or

(ii)	both are wholly owned, or subject to control, by the same person.'.

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NEW CLAUSES

Review of tobacco products duty

   

Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous

NC1

To move the following Clause:—

'The Chancellor of the Exchequer will publish a review in relation to the effectiveness of tobacco products duty before 1st March 2007 and will consult with organisations which have a special interest in tobacco products duty before publishing that review.'.

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Review of hydrocarbon oil duties

   

Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous

NC2

To move the following Clause:—

'The Chancellor of the Exchequer will publish a review in relation to the effectiveness of hydrocarbon oil duties before 1st March 2007 and will consult with organisations which have a special interest in hydrocarbon oil duties before publishing that review.'.

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Review of rates of gaming duty

   

Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous

NC3

To move the following Clause:—

'The Chancellor of the Exchequer will publish a review in relation to rates of gaming before 1st March 2007 and will consult with organisations which have a special interest in gaming before publishing that review.'.

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Review of amusement machines

   

Mrs Theresa Villiers
Mr Mark Francois
Mark Hoban
Mr Paul Goodman
Andrew Selous

NC4

To move the following Clause:—

'The Chancellor of the Exchequer will publish a review in relation to classes of assessment machine and rates of duty before 1st March 2007 and will consult with organisations which have a special interest in gaming before publishing that review.'.

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Cost of claims for R & D

   

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Andrew Selous

NC5

To move the following Clause:—

'The Chancellor of the Exchequer will publish a review in relation to the cost of making claims for relief for research and development before 1st March 2007 and will consult with organisations which have a special interest in claims for relief for research and development.'.

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Yield from fuel duty and VAT on fuel

   

Stewart Hosie

NC6

To move the following Clause:—

'In the Hydrocarbon Oil Duties Act 1979 (c.5) section 6 (excise duty on hydrocarbon oil) there is inserted after subsection (1A)—

    "(1B)   In the Budget Statement for 2007 and annually thereafter the Chancellor of the Exchequer shall provide a forecast for oil prices and set out anticipated yield from fuel duty and VAT on fuel for the forecast price and for a range of prices up to 50 oer cent above his forecast.

    (1C)   In his 2006 pre-budget report the Chancellor of the Exchequer shall bring forward a mechanism for using additional revenue from VAT on fuel above forecast to offset fuel duty when the oil price rises above his forecast level.

    (1D)   Whenever international oil prices rise above the level estimated by the forecast made in accordance with subsection (1B) above, any automatic increase in indexed fuel duty shall be frozen until international oil prices return to the forecast level.".'.

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Prepared 11 May 2006