Tuesday 5th June 2007
Public Bill Committee
Finance Bill
(except Clauses 1, 3, 7, 8, 12, 20, 21, 25,
67 and 81 to 84, Schedules 1, 18, 22 and 23, and
New Clauses relating to Microgeneration)
Note
The amendments have been arranged in accordance with the Order
of the Committee [8th May].
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
212
Clause 65, page 42, line 35, at
end insert—
Mr Stephen Timms
134
Schedule 19, page 228, line 9, leave
out from ‘arrangement’ to end of line 11.
Mr Stephen Timms
135
Schedule 19, page 228, line 43, leave
out from ‘paid’ to end of line 2 on page 229 and insert
‘in respect of members of schemes whose deaths occur on or after
6th April 2007.’.
Mr Stephen Timms
136
Schedule 20, page 232, line 25, leave
out paragraph 9 and insert—
‘9 In section 166(2)(a) (when person becomes entitled
to pension commencement lump sum), after “paid” insert “(or,
if the person dies before becoming entitled to the pension in connection
with which it was anticipated it would be paid, immediately before death)”.
9A In section 219(7) (multiple benefit crystallisation
events occuring by reason of payment of lump sum death benefits treated
as occurring immediately before death), insert at the end “but
immediately after any benefit crystallisation event occurring immediately
before the individual’s death by virtue of section 166(2).”
(b) in paragraph (c), for “of three months
beginning with” substitute “beginning six months before,
and ending one year after,”, and
(3) In paragraph 2 (“permitted maximum”),
after sub-paragraph (5) insert—
“(5A) But if the member dies before becoming
entitled to the relevant pension in connection with which it was anticipated
that the member would become entitled to the lump sum, the permitted
maximum is the available portion of the member’s lump sum allowance.”.’.
Mr Stephen Timms
137
Schedule 20, page 238, line 27, after
‘9’ insert ‘to 9B’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
213
Clause 70, page 44, line 7, leave
out from ‘a’ to ‘the’ in line 9 and insert ‘pre-ordained
series of transactions is carried out in connection with the disposal
and acquisition, and it is undertaken in pursuance of a scheme or arrangement
the only or main purpose of which is the avoidance or reduction of Stamp
Duty Land Tax payable on the acquisition by P or to secure or increase
a repayment of Stamp Duty Land Tax in relation to that acquisition.’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
234
Clause 70, page 44, line 13, leave
out ‘its disposal by V’ and insert ‘the disposal referred
to in subsection (a) above’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
214
Clause 70, page 44, line 13, at
end insert—
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
235
Clause 70, page 44, line 40, leave
out ‘the largest amount (or aggregate amount)’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
236
Clause 70, page 44, line 42, after
‘(a)’, insert ‘the largest amount’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
237
Clause 70, page 44, line 44, after
‘(b)’, insert ‘the aggregate amount’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
238
Clause 70, page 45, line 7, at
end insert—
Mr Stephen Timms
184
Clause 70, page 45, line 20, leave
out ‘(but subject to subsection (2))’.
Mr Stephen Timms
185
Clause 70, page 45, line 29, at
end insert—
Mr Stephen Timms
186
Clause 70, page 45, line 31, at
end insert—
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett
239
Clause 70, page 46, line 1, leave
out ‘and 75’ and insert ‘75, and Schedule 7, Part
1’.
Mr Stephen Timms
187
Clause 70, page 46, line 2, at
end insert—
Mr Stephen Timms
188
Clause 70, page 46, line 7, after
first ‘a’ insert ‘property-investment’.
Mr Stephen Timms
189
Clause 70, page 46, line 7, after
‘partnership’ insert ‘(within the meaning of paragraph
14 of Schedule 15)’.
Mr Stephen Timms
190
Clause 70, page 46, line 21, at
end insert ‘and may make provision with retrospective effect.”’.
Mr Stephen Timms
191
Clause 70, page 46, line 25, after
‘But’ insert—
Mr Stephen Timms
192
Clause 70, page 46, line 28, at
end insert—
(b) a provision of new section 75C (inserted by subsection
(1) above) shall not have effect where the disposal mentioned in new
section 75A(1)(a) took place before the day on which this Act is passed,
if or in so far as the provision would make a person liable for a higher
amount of tax than would have been charged in accordance with those
regulations.’.
Mr Stephen Timms
106
Clause 71, page 47, line 9, leave
out ‘sub-paragraph (1)(b),’ and insert ‘sub-paragraphs
(1)(b) and (4),’.
Mr Stephen Timms
243
Clause 71, page 48, line 26, at
end insert—
Mr Stephen Timms
244
Clause 71, page 48, line 30, leave
out ‘and’ and insert ‘to’.
Mr Stephen Timms
193
Schedule 21, page 239, line 13, at
end insert ‘and’.
Mr Stephen Timms
194
Schedule 21, page 239, line 16, leave
out from ‘Commissioners’ to end of line 18.
Mr Stephen Timms
195
Schedule 21, page 239, line 33, at
end insert ‘and’.
Mr Stephen Timms
196
Schedule 21, page 239, leave
out lines 35 to 37.
Mr Stephen Timms
197
Schedule 21, page 240, line 12, at
end insert ‘and’.
Mr Stephen Timms
198
Schedule 21, page 240, leave
out lines 14 to 16.
Mr Stephen Timms
199
Schedule 21, page 240, line 45, at
end insert ‘and’.
Mr Stephen Timms
200
Schedule 21, page 240, leave
out lines 47 to 49.
Mr Stephen Timms
201
Schedule 21, page 241, line 43, after
second ‘time’ insert ‘is a member State or any other
State which at that time’.
Mr Stephen Timms
202
Schedule 21, page 242, line 18, at
end insert ‘and’.
Mr Stephen Timms
203
Schedule 21, page 242, line 22, leave
out from ‘(“the Commissioners”)’ to end of line
24.
Mr Stephen Timms
204
Schedule 21, page 242, line 37, at
end insert ‘and’.
Mr Stephen Timms
205
Schedule 21, page 242, line 39, leave
out from ‘market’ to end of line 41.
Mr Stephen Timms
206
Schedule 21, page 243, line 11, at
end insert ‘and’.
Mr Stephen Timms
207
Schedule 21, page 243, line 13, leave
out from ‘market’ to end of line 15.
Mr Stephen Timms
208
Schedule 21, page 243, line 42, at
end insert ‘and’.
Mr Stephen Timms
209
Schedule 21, page 243, line 44, leave
out from ‘market’ to end of line 46.
Mr Stephen Timms
210
Schedule 21, page 244, line 41, after
second ‘time’ insert ‘is a member State or any other
State which at that time’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evenett
247
Clause 87, page 61, line 8, at
end insert ‘or within a reasonable time thereafter when an electronic
return cannot be delivered by reason of the failure or non availability
of an official computer system as defined in Regulation 189 of the Income
Tax (Pay as You Earn) Regulations 2003’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evenett
245
Clause 87, page 61, line 8, at
end insert—
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evenett
246
Clause 87, page 61, line 16, at
end insert—
Mr Stephen Timms
241
Clause 90, page 63, line 2, leave
out subsection (1) and insert—
Mr Stephen Timms
242
Clause 90, page 63, line 11, at
end insert—
‘(2A) In section 9A(6) of TMA 1970 (notice of enquiry:
“the filing date”) for the words from “means”
to the end substitute “means, in relation to a return, the last
day for delivering it in accordance with section 8 or 8A.’.
Mr Stephen Timms
215
Schedule 24, page 260, line 33, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
2
Schedule 24, page 260, line 33, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
216
Schedule 24, page 262, line 18, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
3
Schedule 24, page 262, line 18, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
217
Schedule 24, page 262, line 18, leave
out ‘them,’ and insert ‘HMRC,’.
Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evenett
248
Schedule 24, page 262, line 19, leave
out ‘30’ and insert ‘60’.
Mr Stephen Timms
218
Schedule 24, page 262, line 41, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
4
Schedule 24, page 262, line 41, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
219
Schedule 24, page 265, line 22, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
5
Schedule 24, page 265, line 22, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
220
Schedule 24, page 265, line 24, leave
out ‘HMRC think’.
Mr Stephen Timms
221
Schedule 24, page 265, line 26, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
6
Schedule 24, page 265, line 26, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
222
Schedule 24, page 265, line 28, leave
out ‘HMRC think’.
Mr Stephen Timms
223
Schedule 24, page 265, line 30, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
7
Schedule 24, page 265, line 30, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
224
Schedule 24, page 265, line 32, leave
out ‘HMRC think’.
Mr Stephen Timms
225
Schedule 24, page 265, line 34, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
8
Schedule 24, page 265, line 34, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
226
Schedule 24, page 265, line 36, leave
out ‘HMRC think’.
Mr Stephen Timms
227
Schedule 24, page 265, line 38, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
9
Schedule 24, page 265, line 38, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
228
Schedule 24, page 265, line 40, leave
out ‘HMRC think’.
Mr Stephen Timms
229
Schedule 24, page 265, line 42, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
10
Schedule 24, page 265, line 42, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
230
Schedule 24, page 265, line 44, leave
out ‘HMRC think’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
11
Schedule 24, page 266, line 2, leave
out ‘think it right’ and insert ‘have reasonable grounds
for believing it to be necessary’.
Mr Stephen Timms
231
Schedule 24, page 267, line 10, leave
out ‘HMRC think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
12
Schedule 24, page 267, line 10, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
232
Schedule 24, page 267, line 19, leave
out ‘they think that’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
13
Schedule 24, page 267, line 19, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mr Stephen Timms
233
Schedule 24, page 269, line 9, leave
out ‘HMRC think’.
Julia Goldsworthy
Dr Vincent Cable
Mr Colin Breed
14
Schedule 24, page 269, line 9, leave
out ‘think’ and insert ‘have reasonable grounds for
believing’.
Mrs Theresa Villiers
Mr Mark Hoban
Mr Paul Goodman
Mr David Gauke
Mr David Evennett
251
* Clause 97, page 68, line 20, after
‘above’, insert ‘in respect of any supply made after
the date on which the order has effect.’.
Mrs Theresa Villiers
Mr Mark Hoban
Mr Paul Goodman
Mr David Gauke
Mr David Evennett
252
* Clause 97, page 68, line 22, at
end add—
Mr Stephen Timms
240
Schedule 25, page 275, line 41, leave
out ‘charitable purposes only’ and insert ‘a purpose
other than that of private gain (within the meaning of the Gambling
Act 2005)’.
Mr Stephen Timms
118
Schedule 26, page 281, line 17, at
end insert—
‘8A In paragraph 4(2C)(b) of Schedule 26 to FA
2002 (derivative contracts: contracts excluded by virtue of their underlying
subject matter), for “quoted” substitute “listed”.’.
NEW CLAUSES
Charge on benefits received by former owner of
property
Mrs Theresa Villiers
Mr Mark Hoban
Mr Mark Francois
Mr Paul Goodman
Mr David Evennett
NC1
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