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S.C.A.

Amendment Paper as at
Tuesday 20th June 2006

STANDING COMMITTEE A


FINANCE (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)

NOTE

The amendments have been arranged in accordance with the Order of the Committee [9th May]

   

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

121

Schedule     21,     page     141,     line     12     [Vol II],     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 II],     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 II],     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 property).'.

   

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

124

Schedule     21,     page     142,     line     36     [Vol II],     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 II],     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     22     [Vol II],     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     12     [Vol II],     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 II],     leave out lines 18 to 22.

   

Dawn Primarolo

393

Schedule     21,     page     151,     line     31     [Vol II],     at beginning insert 'For the purposes of paragraph 23'.

   

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

129

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

   

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

133

Schedule     21,     page     152,     line     11     [Vol II],     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,     line     34     [Vol     II],     leave out '(a) any member of the pension scheme'.

   

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

132

Schedule     21,     page     159,     line     27     [Vol II],     leave out from 'occurs' to end of line 30 and insert—

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


   

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

141

Clause     160,     page     134,     line     39 [Vol I],     leave out 'because' and insert 'following the receipt'.

   

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

142

Clause     160,     page     135,     line     1 [Vol I],     leave out 'envisaged' and insert 'intended'.

   

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

143

Clause     160,     page     135,     line     7 [Vol I],     leave out '1' and insert '10'.


   

Dawn Primarolo

381

Schedule     22,     page     176,     line     40     [Vol II],     at end insert—

      'Interest

    8A  In section 233(1)(c) (interest on unpaid tax), for "or 126" substitute ", 126 or 151B".'.


   

Dawn Primarolo

394

Schedule     23,     page      180,     line     36     [Vol     II],     leave out lines 36 to line 42 and insert—

            '(a)   where no employment of the member to which the pension scheme relates is or has been other than contracted-out employment by reference to the pension scheme, is 125% of the rate of the basic pension at that time or such higher percentage of that rate as the Treasury may by regulations prescribe,

            (b)   where no such employment of the member is or has been contracted-out employment by reference to the pension scheme, is 250% of the rate of the basic pension at that time or such higher percentage of that rate as the Treasury may by regulations prescribe, and

            (c)   otherwise, is such percentage of the rate of the basic pension at that time falling between the percentages for the time being specified under or by virtue of paragraphs (a) and (b) as the Treasury by regulations prescribe;

    and regulations under paragraph (c) may prescribe different percentages for different cases.'.

   

Dawn Primarolo

395

Schedule     23,     page     183,     line     13     [Vol     II],     at end insert—

    '(4) In sub-paragraph (7), for "an amount crystallised by" substitute "the relevant amount in the case of".'.

   

Dawn Primarolo

396

Schedule     23,     page     185,     line     32     [Vol     II],     at end insert—

      'Amendments and transitionals

    32A (1) Section 281 (minor and consequential amendments) is amended as follows.

    (2) After subsection (2) insert—

          "(2A)   The Treasury may by order make in any relevant enactment such amendments (including repeals and revocations) as may appear appropriate in consequence of, or otherwise in connection with, any amendment (or repeal or revocation) made in this Part by any enactment contained in an Act passed after this Act (an "amending Act").

          (2B)   For this purpose a relevant enactment is—

          (a) an enactment contained in an Act passed, or

          (b) an instrument made,

        before the passing of the amending Act or in the Session in which the amending Act is passed."

    (3) In subsection (3), after "(2) insert "or (2A)".

    (4) After that subsection insert—

          "(4)   An order under subsection (2) or (2A) may include provision having effect in relation to times before it is made if it does not increase any person's liability to tax."

    32B (1) Section 283 (transitionals and savings) is amended as follows.

    (2) After subsection (3) insert—

          "(3A)   The Treasury may by order make any transitional provision which may appear appropriate in consequence of, or otherwise in connection with, any amendment (or repeal or revocation) made in this Part by any enactment contained in an Act passed after this Act (an "amending Act").

          (3B)   An order under subsection (3A) may, in particular, include savings from the effect of any amendment (or repeal or revocation) made by the amending Act.

          (3C)   An order under subsection (2) or (3A) may include provision having effect in relation to times before it is made if it does not increase any person's liability to tax."

    (3) In subsections (4) and (5), after "(2)" insert "or (3A)".'.

   

Dawn Primarolo

397

Schedule     23,     page     190,     line     26     [Vol     II],     leave out from 'for' to end of line 28 and insert ' "of a pension scheme" there were substituted "of any arrangement within paragraph 15A(4) under a pension scheme".'.


   

Dawn Primarolo

382

Schedule     25,     page     198,     line     39     [Vol II],     at end insert—

    '() At the end of that paragraph insert—

          "(7)   The reference to a lease in sub-paragraph (1) is to—

                (a)   a lease actually granted on or after the implementation date, or

                (b)   a lease that is treated as existing by reason of a deemed grant under paragraph 12A(2) or 19(3) of which the effective date is on or after the implementation date."'.


   

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

184

Clause     168,     page     138,     line     20     [Vol I],     leave out from second 'company' to end of lne 25 and insert 'in connection with demutualisation of an insurance company'.


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.'.



 
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Prepared 20 Jun 2006