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

41

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


   

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'.


   

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'.


   

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'.


   

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.


   

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'.


   

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'.


   

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

77

*Clause     54,     page     38,     line     34     [Vol     I],     at end insert 'at a rate that is less than an arm's length rate'.

   

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

78

*Clause     54,     page     38,     line     35     [Vol     I],     at end insert 'at a rate that is less than an arm's length rate'.

   

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

79

*Clause     54,     page     38,     line     36     [Vol     I],     at end insert 'at a rate that is less than an arm's length rate'.

   

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

80

*Clause     54,     page     38,     line     37     [Vol     I],     at end insert 'at a rate that is less than an arm's length rate'.

   

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

81

*Clause     54,     page     38,     line     39     [Vol     I],     at end insert 'at a value that differs from market value so that the charity is disadvantaged by the transaction'.

   

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

82

*Clause     54,     page     39,     line     3     [Vol     I],     after 'investment', insert 'other than a Qualifying Investment for the purposes of Schedule 20 of ICTA 1988'.

   

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

83

*Clause     54,     page     39     [Vol     I],     leave out lines 15 to 17.

   

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

84

*Clause     54,     page     39     [Vol     I],     leave out lines 18 to 23.

   

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

85

*Clause     54,     page     39,     line     26     [Vol     I],     after 'remuneration', insert 'unless it is paid either under a contract of employment at a rate not exceeding an arm's length rate or for services as a trustee'.

   

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

86

*Clause     54,     page     39     [Vol     I],     leave out lines 37 and 38.

   

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

87

*Clause     54,     page     40,     line     9     [Vol     I],     leave out 'listed on a recognised stock exchange' and insert 'listed or admitted to trading on any market which from time to time appears on the most-recently updated list of regulated markets as published by the European Commission under Acticle 16 of Directive 93/22/EEC (OJL 141, 11.6.1993) or Article 47 of Directive 2004/39/EC (OJL 145, 30.4.2004) together with securities admitted to trading on the Alternative Investment Market of the London Stock Exchange PLC; or is a Qualifying Investment for the purposes of Schedule 20 of ICTA 1988'.

   

Dawn Primarolo

62

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

   

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

88

*Clause     54,     page     40,     line     23     [Vol     I],     leave out 'which is wholly' and insert 'of which 50 per cent. or more of the shares is'.

   

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.'.

   

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

89

*Clause     54,     page     41     [Vol     I],     leave out lines 1 to 6 and insert 'subsection 3 of section 506 A shall not apply to any transaction to which subsection 4 applies'.

   

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

90

*Clause     54,     page     41,     line     28     [Vol     I],     at end insert—

    '(10)   Where a person who considers that subsection 3 or 4 of Section 506A above may apply to any transaction or proposed transaction, supplies to the inspector to whom he makes his return of income written particulars of the transaction or proposed transaction—

      (a) the inspector shall, within 30 days from his receipt of the particulars, notify that person whether or not he is satisfied that, in the circumstances as described in the particulars, the transaction would not be chargeable to tax on that person under this section; and

      (b) if the inspector notifies that person that he is so satisfied, the transaction shall not be chargeable on that person under this section.

    (11)   If the particulars given under this section with respect to the transaction are not such as to make full and accurate disclosure of all facts and considerations relating thereto which are material to be known to the inspector, any notification given by the inspector under subsection (10) above shall be void.'.

 
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