Vote Bundle Text (960523-03)

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

174

*Schedule 11, page 34, line 39 [Vol 2], at end insert—

'(12) Where this section applies then the company may make a claim requiring that a loss arising under section 436, 439B and sections 441 ICTA 1988 be set off against profits of the same description arising in the proceeding accounting period.'.

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

175

*Schedule 11, page 34, line 39 [Vol 2], at end insert—

'(13) Sections 439A and 441 ICTA 1988 shall cease to have effect and section 436 shall be amended so that any reference to "Pension Business" shall be substituted for "Gross Roll-up Business".

(14) "Gross Roll-up Business" means all long-term business written other than Basic Life Assurance and General Annuity Business and Permanent Health Insurance.'.

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

180

*Schedule 11, page 35, line 9 [Vol 2], leave out 'to' and insert 'from'.

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

183

*Schedule 11, page 35, line 14 [Vol 2], leave out from beginning to end of line 18 and insert—

'(b)	the line 51 amount of the transfer or in respect of the business transferred to the company, as computed in the transferor's periodic return.'.

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

181

*Schedule 11, page 35, line 41 [Vol 2], leave out 'to' and insert 'from'.

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

182

*Schedule 11, page 35, line 43 [Vol 2], leave out 'to' and insert 'from'.

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

176

*Schedule 11, page 37, line 1 [Vol 2], leave out 'two-thirds' and insert 'one-sixth'.

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

177

*Schedule 11, page 37, line 5 [Vol 2], leave out 'one-third' and insert 'one-sixth'.

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

178

*Schedule 11, page 37, line 6 [Vol 2], leave out 'period' and insert 'five periods'.

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

186

*Schedule 13, page 66, line 19 [Vol 2], leave out paragraph 2.

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

135

Clause 92, page 84, line 34 [Vol 1], leave out subsection (2).

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

136

Clause 92, page 84, line 35 [Vol 1], leave out 'insert at the beginning "securities"' and insert 'after "options", insert "other than an option which is acquired pursuant to a right or opportunity made available under arrangements the main purpose (or one of the main purposes) of which is the avoidance of income tax or national insurance contributions".'.

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

137

Clause 92, page 84, line 39 [Vol 1], after third 'of', insert 'income'.

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

138

Clause 92, page 85, line 1 [Vol 1], at beginning insert 'Subject to subsection (6) below,'.

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

140

Clause 92, page 85, line 1 [Vol 1], leave out from 'after' to end of line 4 and insert '22nd March 2006.'.

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

139

Clause 92, page 85, line 4 [Vol 1], at end add—

'(1) Where any liability to income tax or national insurance contributions arises by virtue of this section, such liability shall not fall to be collected through the PAYE system unless the option in question was acquired on or after the date Royal Assent is received to this Act, and it shall be sufficient defence for an employer to any proceedings concerning non-compliance with the PAYE regulations that they have taken all reasonable steps to notify any employee or former employee of their obligation to pay any liability created by this section.'.

Dawn Primarolo

168

*Clause 116, page 103, line 28 [Vol I], after 'section', insert '106(5) or (6),'.

Dawn Primarolo

169

*Clause 116, page 103, line 32 [Vol I], after 'section', insert '106(5) or (6),'.

Dawn Primarolo

146

Clause 116, page 103, line 34 [Vol I], at end insert—

'(a)	provide for this Part to cease to apply to a company at a time specified by or determined in accordance with the regulations (which may be before the breach of a requirement);

(b)	provide for this Part to continue to apply to a company with specified modifications;'.

Dawn Primarolo

147

Clause 121, page 106, line 26 [Vol I], after 'company', insert 'within the charge to corporation tax'.

Dawn Primarolo

148

Clause 121, page 106, line 28 [Vol I], leave out 'not a company' and insert 'a person other than a company within the charge to corporation tax'.

Dawn Primarolo

149

Clause 121, page 107, line 7 [Vol I], leave out 'Section 231 of ICTA' and insert 'Sections 231 of ICTA and 397 of ITTOIA 2005'.

Dawn Primarolo

150

Clause 125, page 110, line 5 [Vol I], leave out 'earlier' and insert 'later'.

Dawn Primarolo

151

Clause 129, page 111, line 23 [Vol I], leave out 'Commissioners' and insert 'Treasury'.

Dawn Primarolo

152

Clause 130, page 111, line 35 [Vol I], leave out 'a requirement' and insert 'Condition 1, 2, 5 or 6'.

Dawn Primarolo

153

Clause 130, page 111, line 40 [Vol I], leave out 'a requirement' and insert 'Condition 1, 2, 5 or 6'.

Dawn Primarolo

154

Schedule 17, page 87, line 39 [Vol II], at end insert—

'(i)	as if section 111 applied to UK property rental business (within the meaning given by paragraph 32(1)) carried on by them,'.

Dawn Primarolo

155

Schedule 17, page 87, line 40 [Vol II], after 'tax', insert 'under Case VI of Schedule D'.

Dawn Primarolo

156

Schedule 17, page 87, line 41 [Vol II], leave out 'under Chapter 9 of Part 6 of ITTOIA (other income)'.

Dawn Primarolo

157

Schedule 17, page 88, line 38 [Vol II], leave out 'UK property' and insert 'property rental'.

Dawn Primarolo

158

Schedule 17, page 88, line 42 [Vol II], leave out 'property'.

Dawn Primarolo

159

Schedule 17, page 88, line 44 [Vol II], after 'another', insert ', as set out in the financial statement under paragraph 31(2)(a).'.

Dawn Primarolo

160

Schedule 17, page 93, line 10 [Vol II], leave out sub-paragraph (2) and insert—

'(2)	Business carried on by a non-UK resident company is property rental business for the purposes of this Part if the business would be property rental business within the meaning given by section 104 if it were carried on by a UK resident company.'.

Dawn Primarolo

161

Schedule 17, page 93, line 30 [Vol II], leave out from first 'dividend' to 'shall' in line 31 and insert 'which represents (wholly or partly and directly or indirectly) profits of UK property rental business of a non-UK resident member of the group, such proportion of the dividend as represents those profits'.

Dawn Primarolo

162

Schedule 17, page 93, line 39 [Vol II], at end insert—

'Takeovers

(1)

This paragraph applies if a company to which Part 4 applies, or a member of a group to which Part 4 applies, becomes a member of a group (or of another group) to which Part 4 applies.

(2)	Where this paragraph applies, the following provisions of Part 4 shall not have effect—