House of Commons Public Bill Committee Proceedings

House of Commons

Session 2006 - 07
Internet Publications
Other Bills before Parliament

197

House of Commons

Monday 30th April 2007

Committee of the whole House

Proceedings

Finance Bill

(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)

[first day]

Mr Chancellor of the Exchequer

To move, That the order in which proceedings in the Committee of the whole House

on the Finance Bill are taken shall be: Clauses 3, 1, 7 and 8; Schedule 1; Clauses 25 and

67; Schedule 18; Clauses 12 and 81 to 83; Schedule 22; Clause 84; Schedule 23; Clauses

20 and 21; and new Clauses relating to microgeneration.

Agreed to

Clause 3 Agreed to on division.

Julia Goldsworthy

Dr Vincent Cable

Mr Colin Breed

Not selected  12

Clause  1,  page  1,  line  5,  leave out from second ‘tax’ to ‘and’ in line 7 and insert

‘years 2007-08 and 2008-09, and for those tax years—

(a)
the basic rate is 20%’.

Julia Goldsworthy

Dr Vincent Cable

Mr Colin Breed

Withdrawn  10

Clause  1,  page  1,  line  6,  leave out ‘10%’ and insert ‘0%’.

Julia Goldsworthy

Dr Vincent Cable

Mr Colin Breed

Not called  11

Clause  1,  page  1,  line  7,  leave out ‘22%’ and insert ‘20%’.

Clause Agreed to.

Committee of the whole House Proceedings: 30th April 2007
198

Finance Bill, continued

Clauses 7 and 8 Agreed to.

Schedule 1 Agreed to.

Mrs Theresa Villiers

Mr Mark Francois

Mr Mark Hoban

Mr Paul Goodman

Mr David Evennett

Negatived on division  1

Clause  25,  page  17,  line  15,  leave out from ‘Schedule’ to end and insert ‘shall come

into force on a date which the Treasury shall by Order made by statutory instrument

appoint.

(3)
No Order shall be made under subsection (2) unless the Treasury has compiled

and laid before the House of Commons a report on the likely consequences of

bringing into force the provisions contained in Schedule 3.

(4)
A report under subsection (3) shall in particular include the Treasury’s

assessment of the implications for—

(a)
the overall level of tax revenues accruing to the Exchequer;

(b)
the cost impact and regulatory burden of the measure;

(c)
the United Kingdom labour market;

(d)
the competitiveness of the United Kingdom economy and the

encouragement of enterprise.’.

Julia Goldsworthy

Dr Vincent Cable

Mr Colin Breed

Not called  14

Clause  25,  page  17,  line  15,  leave out from ‘Schedule’ to end and insert ‘shall come

into force on 31st October 2007’.

Clause Agreed to.

Progress reported