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Notices of Amendments: 20th June 2007                  

1388

 

Finance Bill, continued

 
 

Impact of Finance Act on small businesses

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

NC9

 

Parliamentary Star    

To move the following Clause:—

 

‘It shall be the duty of the Treasury each fiscal year to prepare and lay before the

 

House of Commons a report on the impact on small businesses of the measures

 

contained in the relevant Finance Act.’.

 


 

Impact of Finance Act on pensions and savings

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

NC10

 

Parliamentary Star    

To move the following Clause:—

 

‘It shall be the duty of the Treasury each financial year to prepare and lay before

 

the House of Commons a report on the impact on pensions and savings of the

 

measures contained in the relevant Finance Act.’.

 


 

Private equity

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

NC11

 

Parliamentary Star    

To move the following Clause:—

 

‘It shall be the duty of the Treasury to prepare and lay before the House of

 

Commons a report setting out the annual and cumulative cost to the taxpayer of—

 

(a)    

the Memorandum of Understanding between the British Venture Capital

 

Association and the Inland Revenue dated 25th July 2003 on the tax

 

treatment of carried interest; and


 
 

Notices of Amendments: 20th June 2007                  

1389

 

Finance Bill, continued

 
 

(b)    

the deductability of interest payable on loans for the purposes of

 

calculating corporation tax liability.’.

 


 

Report of incidence of small companies’ tax rate

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

NC12

 

Parliamentary Star    

To move the following Clause:—

 

‘The Treasury shall prepare and lay before the House of Commons in respect of

 

each financial year a report setting out for each company paying the small

 

companies rate of tax—

 

(a)    

the number of employees

 

(b)    

the turnover.’.

 


 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

43

 

Parliamentary Star    

Page  2,  line  9,  leave out Clause 3.

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

41

 

Parliamentary Star    

Page  2,  line  11  [Clause  3],  leave out from ‘20%’ to end of line 12 and insert—

 


 

‘for companies with non-ring fenced profits employing fewer than five people, and

 

(b)    

19% for companies with either ring fence profits or five or more

 

employees.’.


 
 

Notices of Amendments: 20th June 2007                  

1390

 

Finance Bill, continued

 
 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

42

 

Parliamentary Star    

Page  2,  line  14  [Clause  3],  leave out from ‘profits’ to ‘fraction’ in line 17 and

 

insert—

 


 

‘and companies employing fewer than five people and non-ring fenced profits (“the

 

smaller company fraction”), and

 

(b)    

11/400ths in relation to ring-fence profits of the companies and

 

companies employing five or more people (“the standard”).’.

 


 

Julia Goldsworthy

 

Dr Vincent Cable

 

Mr Colin Breed

 

38

 

Parliamentary Star    

Page  3,  line  15  [Clause  4],  leave out Clause 4.

 


 

Mr Christopher Chope

 

Mr Greg Knight

 

Mr Edward Leigh

 

Sir Nicholas Winterton

 

18

 

Parliamentary Star    

Page  8,  line  29  [Clause  12],  at end insert—

 

‘(7)    

The Treasury may by regulations prohibit the charging by airlines of an

 

administration fee, or any similar fee, for the refunding to passengers of any duty

 

paid under the 1994 Act, as amended by this section, in respect of—

 

(a)    

a cancelled flight,

 

(b)    

a flight in respect of which a passenger does not avail himself of this

 

contractual entitlement to be carried.

 

(8)    

It is immaterial, for the purposes of subsection (7)(b), whether a passenger, under

 

the terms of his contract with the relevant airline, forfeits any moneys paid for his

 

ticket.’.

 


 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

6

 

Page  14,  line  9  [Clause  19],  leave out sub-paragraph (a).


 
 

Notices of Amendments: 20th June 2007                  

1391

 

Finance Bill, continued

 
 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

7

 

Page  14,  line  35  [Clause  19],  at end insert—

 

‘(8)    

Regulations under section 58B shall expire one year after coming into force, but,

 

subject to subsection (9) below, without prejudice to the making of further

 

regulations under that section.

 

(9)    

Further regulations under section 58B may not be made unless they contain a

 

provision specifying that they expire one year after coming into force.’.

 

Mr Chancellor of the Exchequer

 

1

 

Page  14,  line  37  [Clause  19],  at end insert—

 

‘“(5)    

The first set of regulations under section 58B (new zero-carbon homes) may not

 

be made unless a draft has been laid before and approved by resolution of the

 

House of Commons.’.

 


 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

Total signatories: 9

 

Julia Goldsworthy

 

Dr Vincent Cable

 

Mr Colin Breed

 

3

 

Page  15,  line  10  [Clause  20],  leave out sub-paragraph (b).

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

Total signatories: 8

 

Julia Goldsworthy

 

Alan Simpson

 

34

 

Parliamentary Star    

Page  15,  line  17  [Clause  20],  at end insert—

 

‘(3)    

The Treasury shall prepare and lay before the House of Commons annually a

 

report on the effectiveness of the tax relief mentioned in subsection (1) in

 

achieving its objectives, with particular reference to the change in the amount of

 

electricity generated by a microgeneration system.’.


 
 

Notices of Amendments: 20th June 2007                  

1392

 

Finance Bill, continued

 
 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

Total signatories: 9

 

Julia Goldsworthy

 

Dr Vincent Cable

 

Mr Colin Breed

 

4

 

Page  15,  line  29  [Clause  21],  leave out sub-paragraph (c).

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

Total signatories: 8

 

Julia Goldsworthy

 

Alan Simpson

 

35

 

Parliamentary Star    

Page  15,  line  20,  leave out Clause 21.

 


 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

Total signatories: 9

 

Julia Goldsworthy

 

Dr Vincent Cable

 

Mr Colin Breed

 

5

 

Page  16,  line  5  [Clause  21],  leave out sub-paragraph (c).

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

Total signatories: 8

 

Julia Goldsworthy

 

Alan Simpson

 

36

 

Parliamentary Star    

Page  16,  line  37  [Clause  21],  at end insert—

 

‘(3)    

The Treasury shall prepare and lay before the House of Commons annually a

 

report on the effectiveness of the tax relief mentioned in subsection (1) in


 
 

Notices of Amendments: 20th June 2007                  

1393

 

Finance Bill, continued

 
 

achieving its objectives, with particular reference to the change in the number of

 

domestic microgeneration schemes.’.

 


 

Julia Goldsworthy

 

Dr Vincent Cable

 

Mr Colin Breed

 

39

 

Parliamentary Star    

Page  27,  line  2,  leave out Clause 35.

 


 

Julia Goldsworthy

 

Dr Vincent Cable

 

Mr Colin Breed

 

37

 

Parliamentary Star    

Page  47,  line  21  [Clause  70],  leave out lines 21 and 22.

 


 

Mr Chancellor of the Exchequer

 

2

 

Page  70,  line  13  [Clause  97],  at end insert—

 

‘( )    

In section 97(4) of that Act (orders ceasing to have effect unless approved by

 

House of Commons), after paragraph (ea) insert—

 

“(eb)    

an order under section 77A(9) or (9A);”.’.

 


 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

8

 

Parliamentary Star    

Page  92,  line  21  [Schedule  3],  leave out from ‘person’ to first ‘the’ in line 22 and

 

insert ‘whose sole or main business (either alone or together with that of any associate) is

 

the provision or facilitation of’.

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

9

 

Parliamentary Star    

Page  92,  line  23  [Schedule  3],  leave out ‘involved with the company’ and insert


 
 

Notices of Amendments: 20th June 2007                  

1394

 

Finance Bill, continued

 
 

‘regularly involved (either directly or through an associate) with all or most aspects of

 

running the company on an ongoing basis’.

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

11

 

Parliamentary Star    

Page  92,  line  29  [Schedule  3],  leave out ‘influences or’.

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

12

 

Parliamentary Star    

Page  92,  line  29  [Schedule  3],  at end insert ‘or’.

 

Mr David Cameron

 

Mr George Osborne

 

Mrs Theresa Villiers

 

Mr Mark Hoban

 

Mr Paul Goodman

 

Mr David Gauke

 

13

 

Parliamentary Star    

Page  92,  line  30  [Schedule  3],  leave out lines 30 to 34 and insert—

 

‘(c)    

exerts a substantial degree of influence over the provision of those

 

services by providing a standardised company product to the individual

 

(“the worker”) whose services are then provided by the company.

 

(2A)    

For the purposes of subsection (2), arrangements involve a standardised company

 

product if—

 

(a)    

the arrangements have standardised, or substantially standardised,

 

documentation—

 

(i)    

the purpose of which is to enable the implementation, by the

 

worker, of the arrangements; and

 

(ii)    

the form of which is determined by the provider, and is not

 

tailored, to any material extent, to reflect the circumstances of

 

the worker;

 

(b)    

the worker enters into a specific arrangement or series of arrangements;

 

and

 

(c)    

that arrangement or that series of arrangements is standardised, or

 

substantially standardised in form and is connected, with the provision of

 

services by the individual.’.

 



 
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