Amendments proposed to the Finance (No. 2I Bill - continued | House of Commons |
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NEW CLAUSESReview of tobacco products duty
Mrs Theresa Villiers 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 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 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.'.
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