| Amendments proposed to the Finance (No. 2) Bill - continued | House of Commons |
| back to previous text | |
|
Review of rates of gaming duty
Mrs Theresa Villiers 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 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 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.".'.
Interpretation of Chapter IV of ICTA
Mr David Gauke NC7 To move the following Clause:—'In section 413 of ICTA, after subsection (10) add— "(11) This Chapter shall apply notwithstanding the terms of the European Communities Act 1972.".'.
Exemption from Pre-Owned Asset Tax for estates below IHT threshold
Julia Goldsworthy NC8 *To move the following Clause:—'(1) Schedule 15 to Finance Act 2004 is amended as follows. (2) At the beginning of paragraph 3(1), insert the words "Subject to paragraph 3A below,". (3) After paragraph 3, insert—
(a) the value of the chargeable person's estate at the relevant time; and
(b) the value of any property that is treated at the relevant time (in relation to the chargeable person) as subject to a reservation in acordance with section 102(2) of the 1986 Act.
(a) in a case where the disposal condition would otherwise apply, the time immediately before the disposal referred to in paragraph 3(2)(b);
(b) in a case where the contribution condition would otherwise apply, the time immediately before the provision of the consideration referred to in paragraph 3(3).
(4) At the beginning of paragraph 6(1), insert the words "subject to paragraph 6A below,". (5) After paragraph 6, insert—
(a) the value of the chargeable person's estate at the relevant time; and
(b) the value of any property that is treated at the relevant time (in relation to the chargeable person) as subject to a reservation in accordance with section 102(2) of the 1986 Act.
(a) in a case where the disposal condition would otherwise apply, the time immediately before the disposal referred to in paragraph 6(2)(b);
(b) in a case where the contribution condition would otherwise apply, the time immediately before the provision of the consideration referred to in paragraph 6(3).
(6) A the beginning of paragraph 8(1), insert the words "Subject to paragraph 8A below,". (7) After paragraph 8, insert—
(a) the value of the chargeable person's estate at the relevant time; and
(b) the value of any property that is treated at the relevant time as subject to a reservation in accordance with section 102(2) of the 1986 Act.
(8) After paragraph 23, insert—
"Automatic application of inheritance tax provisions
(a) paragraph 3 would apply but for paragraph 3A, or
(b) paragraph 6 would apply but for paragraph 6A.
(a) the chargeable proportion of the property is to be treated for the purposes of Part 5 of the 1986 Act (in relation to the chargeable person) as property subject to a reservation, and
(b) section 102(3) and (4) of that Act shall apply and this paragraph applies whether or not an election is made under paragraph 21.
(a) the relevant property and any property which represents or is derived from the relevant property shall be treated for the purposes of Part 5 of the 1986 Act (in relation to the chargeable person) as property subject to a reservation, and
(b) section 102(3) and (4) of the 1986 Act shall apply and this paragraph applies whether or not an election is made under paragraph 22.
(9) This section has effect from 6 April 2005 as if Schedule 15 had always had had effect subject to the amendments in this section.'.
Dawn Primarolo 72 Schedule 26, page 203 [Vol II], leave out lines 14 to 18.
ORDER OF THE HOUSE [24th APRIL 2006]That the following provisions shall apply to the Finance (No. 2) Bill:(1) 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 shall be committed to a Committee of the whole House; (2) the remainder of the Bill shall be committed to a Standing Committee; (3) when the provisions of the Bill considered, respectively, by the Committee of the whole House and by the Standing Committee have been reported to the House, the Bill shall be proceeded with as if it had been reported as a whole to the House from the Standing Committee.
ORDERS OF THE COMMITTEE [9th MAY 2006]That—the Order in which proceedings in Standing Committee on the Finance (No. 2) Bill are to be taken shall be: Clauses 1 to 12, Clauses 16 to 25, Clause 27, Schedule 1, Clause 28, Schedule 2, Clause 29, Schedule 3, Clauses 30 to 37, Schedule 4, Clauses 38 to 42, Schedule 5, Clauses 43 to 60, Clauses 62 to 76, Schedule 6, Clauses 77 to 79, Schedule 7, Clauses 80 and 81, Schedules 8 and 9, Clause 82, Schedule 10, Clauses 83 to 86, Schedule 11, Clauses 87 and 88, Schedule 12, Clause 89, Schedule 13, Clause 90, Clauses 92 to 102, Schedule 15, Clauses 103 and 104, Schedule 16, Clause 105, Clauses 107 to 134, Schedule 17, Clauses 135 to 147, Schedule 18, Clauses 148 to 155, Schedule 19, Clauses 156 and 157, Schedule 20, Clauses 158 and 159, Schedule 21, Clauses 160 and 161, Schedule 22, Clause 162, Schedule 23, Clauses 163 and 164, Schedule 24, Clause 165, Schedule 25, Clauses 166 to 178, new Clauses (other than new Clauses relating to the effect of provisions of the Bill on section 18 of the Inheritance Tax Act 1984), new Schedules, Clause 179, Schedule 26, Clauses 180 and 181.
That— during proceedings on the Finance Bill (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), the Committee do meet at half-past Ten o'clock and half-past Four o'clock on Tuesdays, and five minutes past Nine o'clock and a quarter to Two o'clock on Thursdays, when the House is sitting.
|
 | |
| |
| ©Parliamentary copyright 2006 | Prepared 25 May 2006 |