House of Commons
Session 2006-07
Publications on the internet
Bill Home Page

Thursday 7th June 2007

Public Bill Committee


      New Amendments handed in are marked thus *

      Other Amendments not tabled within the required notice period are marked thus #

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 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—

      ‘(9C) An order may not be made under this subsection unless a draft of the statutory instrument containing the order has been laid before, and approved by a resolution of, the House of Commons.’.


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

    To move the following Clause:—

      ‘(1) Paragraph 11 of Schedule 15 to the Finance Act 2004 is amended as follows.

      (2) At the end of sub-paragraph (9)(a)(i), there is inserted “or the property from time to time representing such property which has been disposed of,”.

      (3) In sub-paragraph (11), at the beginning, there is inserted “Subject to sub-paragraph (12A),”.

      (4) After sub-paragraph (12) there is inserted—

      “(12A) Sub-paragraph 12 shall not apply if in the taxable period both the following conditions are satisfied:

        (a) the person in whose estate the relevant property is comprised for the purposes of IHTA 1984 as a result of section 49(1) of that Act (treatment of interests in possession) is the settlor of the relevant property which has become comprised in the settlement and he has a qualifying interest in possession in such relevant property; and

        (b) the relevant property is held directly by the trustees and is the settled property in which the settlor has a qualifying interest in possession,

      and if the above conditions are both satisfied in only part of the taxable period sub-paragraph (12) shall not apply to that part of the year of assessment in which they are not so satisfied;


      and “settlor” shall have the meaning given to it by section 44 IHTA 1984 and “qualifying interest in possession” shall have the meaning given to it by section 59 IHTA 1984’.


Trustee residence

Mrs Theresa Villiers
Mr Mark Francois
Mr Mark Hoban
Mr Paul Goodman
Mr David Evennett

NC2

    To move the following Clause:—

      ‘(1) Section 69 of the Taxation of Chargeable Gains Act 1992 is amended as follows.

      (2) In subsection (2D) for the words after “were resident in the United Kingdom” substitute the words “in relation to the settlement unless the general administration of the trusts is ordinarily carried on outside the United Kingdom.”.’.


Missing trader intra community fraud

Mrs Theresa Villiers
Mr Mark Hoban
Mr Paul Goodman
Mr David Gauke
Mr David Evennett

NC3

    To move the following Clause:—

      ‘HMRC shall lay a report before Parliament every three months on the measures taken by the Government to combat missing trader intra community (MTIC) fraud and the effects these measures are having on VAT compliance system generally.’.


Mr Stephen Timms

249

Schedule 27, page 292, line 16, column 2, at end insert—

‘In section 587BA— (a) subsection (12), and (b) in subsection (13), paragraph (b) and the word “and” before it.’.

Mr Stephen Timms

94

Schedule 27, page 293, line 38, column 2, leave out ‘2(2) to (5),’ and insert ‘2(2) and (3) to (5),’.

Mr Stephen Timms

95

Schedule 27, page 294, line 44, column 2, leave out ‘3,’.

Mr Stephen Timms

96

Schedule 27, page 294, column 2, leave out line 49.

Mr Stephen Timms

250

Schedule 27, page 295, column 2, leave out line 2 and insert—

‘In section 442(6), paragraph (b) and the word “and” before it.
Section 443(6).
In Schedule 1, paragraph 137(8).’.

Mr Stephen Timms

107

Schedule 27, page 299, line 36, leave out ‘14(1)(b),’ and insert ‘14(1)(b) and (4),’.

ORDER OF THE HOUSE [23RD APRIL 2007]

       That—

        (1) Clauses Nos. 1, 3, 7, 8, 12, 20, 21, 25, 67 and 81 to 84, Schedules Nos 1, 18, 22 and 23, and new Clauses relating to microgeneration be committed to a Committee of the whole House;

        (2) the remainder of the Bill be committed to a Public Bill Committee; and

        (3) when the provisions of the Bill considered by the Committee of the whole House and the Public Bill Committee have been reported to the House, the Bill be proceeded with as if it had been reported as a whole to the House from the Public Bill Committee.


RESOLUTION OF THE COMMITTEE [8TH MAY 2007]

       

       That the Committee shall meet—

        (a) on Tuesdays at 10.30 a.m. and 4.30 p.m., and

        (b) on Thursdays at 9.00 a.m. and 1.00 p.m.,

       when the House is sitting.


ORDER OF THE COMMITTEE [8TH MAY 2007]

       

       That the order in which proceedings are taken shall be: Clause 2, Clauses 4 to 6, Clauses 9 to 11, Clauses 13 to 19, Clauses 22 and 23; Schedule 2; Clause 24; Schedule 3; Clause 26; Schedule 4; Clauses 27 to 29; Schedule 5; Clause 30; Schedule 6; Clauses 31 to 37; Schedule 7; Clause 38; Schedule 8; Clause 39; Schedule 9; Clause 40; Schedule 10; Clause 41; Schedule 11; Clauses 42 and 43; Schedule 12; Clauses 44 to 46; Schedules13 and 14; Clause 47; Schedule 15; Clause 48 to 50; Schedule 16; Clause 51; Schedule 17; Clauses 52 to 66; Clause 68; Schedule 19; Clause 69; Schedule 20; Clauses 70 to 72; Schedule 21; Clauses 73 to 80; Clauses 85 to 96; Schedule 24; Clauses 97 to 104; Schedule 25; Clauses 105 to 108; Schedule 26; Clauses 109 and 110; new Clauses; new Schedules; Clauses 111 and 112; Schedule 27; and Clause 113.


 
 
contents  
 
House of Commons home page Houses of Parliament home page House of Lords home page search page enquiries ordering index


© Parliamentary copyright 2007
Prepared: 7 June 2007