Amendments proposed to the Note - continued House of Commons

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Dawn Primarolo

116

*Schedule     8,     page     245,     line     39     [Vol I],     at end insert—

'This sub-paragraph is subject to sub-paragraphs (5) and (6).'.

   

Dawn Primarolo

117

*Schedule     8,     page     246,     line     6     [Vol I],     leave out from beginning to first 'the' in line 8 and insert—

'(a) the commencement of the term of the lease was before 1st April 2006, but

(b) '.

   

Dawn Primarolo

118

*Schedule     8,     page     246,     line     13     [Vol I],     at end insert—

 '(5) Where the amendments made by this Schedule do not have effect in relation to a lease in the case of the lessor but—

(a)   there is a transfer of plant or machinery,

(b)   immediately before the transfer, the lessor is within the charge to tax, and

(c)   the transfer is in circumstances such that, if the amendments made by this Schedule did apply in relation to the lease, section 70W(4)(b) of CAA 2001 (transfers, assignments etc by lessor) would have effect in relation to the new lessor to treat the new lease as a lease which is not a long funding lease,

the amendments made by this Schedule do not have effect in relation to the new lease in the case of the new lessor.

In this sub-paragraph—

"the new lease" means the lease that would be the new lease for the purposes of section 70W of CAA 2001, if that section applied;

"the new lessor" means the person who would be the new lessor for the purposes of that section, if that section applied;

and section 70W(7) of CAA 2001 (construction of references to transfer of plant or machinery) also has effect for the purposes of this sub-paragraph.

(6) Where the amendments made by this Schedule do not have effect in relation to a lease in the case of the lessee but—

(a)   there is a transfer of plant or machinery,

(b)   immediately before the transfer, the lessee is within the charge to tax, and

(c)   the transfer is in circumstances such that, if the amendments made by this Schedule did apply in relation to the lease, section 70X(4)(b) of CAA 2001 (transfers, assignments etc by lessee) would have effect in relation to the new lessee to treat the new lease as a lease which is not a long funding lease,

the amendments made by this Schedule do not have effect in relation to the new lease in the case of the new lessee.

In this sub-paragraph—

"the new lease" means the lease that would be the new lease for the purposes of section 70X of CAA 2001, if that section applied;

"the new lessee" means the person who would be the new lessee for the purposes of that section, if that section applied.

and section 70X(7) of CAA 2001 (construction of references to transfer of plant or machinery) also has effect for the purposes of this sub-paragraph.

(7) In the application of section 70W(4)(b) or 70X(4)(b) of CAA 2001 for the purposes of sub-paragraph (5) or (6), the lease mentioned in paragraph (a) of the sub-paragraph in question is to be regarded as a lease which is not a long funding lease.'.


   

Dawn Primarolo

119

*Schedule     9,     page     261,     line     3     [Vol I],     after 'treated' insert 'by that person'.


   

Dawn Primarolo

96

Clause     84,     page     79,     line     18     [Vol     I],     leave out from first 'the' to 'all' in line 19 and insert 'lessor remains entitled immediately after the disposal to some or'.

   

Dawn Primarolo

97

Clause     84,     page     79,     line     37     [Vol     I],     leave out from second 'the' to end of line 38 and insert 'lessor remains entitled immediately after the disposal'.


   

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

120

*Schedule     21,     page     140,     line     25     [Vol 2],     leave out from beginning to end of line 24 on page 142.

   

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

121

*Schedule     21,     page     141,     line     12     [Vol 2],     leave out '50' insert '10'.

   

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

122

*Schedule     21,     page     142,     line     33     [Vol 2],     leave out 'residential property' and insert 'property that is normally used or adapted for use as one or more dwellings'.

   

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

123

*Schedule     21,     page     142,     line     34     [Vol 2],     leave out from 'is' to end of line 34 and add 'any personal chattels other than choses in action (or in Scotland any moveable property other than incorporeal moveable action).'.

   

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

124

*Schedule     21,     page     142,     line     36     [Vol 2],     leave out paragraph 7.

   

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

125

*Schedule     21,     page     143,     line     11     [Vol 2],     at end insert 'but subject to paragraph 8(2)—'.

   

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

126

*Schedule     21,     page     143,     line     21     [Vol 2],     after '(2)', insert 'Except where a member or related person as defined in section 4 is resident,'.

   

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

127

*Schedule     21,     page     145,     line     14     [Vol 2],     leave out 'any' and insert 'the'.

   

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

128

*Schedule     21,     page     145     [Vol 2],     leave out lines 18 to 22.

   

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

129

*Schedule     21,     page     152,     line     8     [Vol 2],     leave out '10% or more' and insert 'more than 10%'.

   

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

130

*Schedule     21,     page     152,     line     10     [Vol 2],     leave out '10% or more' and insert 'more than 10%'.

   

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

131

*Schedule     21,     page     154     [Vol 2],     leave out line 36.

   

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

132

*Schedule     21,     page     159,     line     32     [Vol 2],     leave out from 'after' to end of line 35 and insert—

'(a) the property is residential property;'.


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.'.


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.'.


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.'.


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.'.


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.'.


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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