House of Commons Amendments

House of Commons

Session 2007 - 08
Internet Publications
Other Bills before Parliament

2677

House of Commons

Notices of Amendments

given on

Friday 20th June 2008

Consideration of Bill

Finance Bill, As Amended

Interim statements to Parliament

Mr Philip Hammond

Mr Mark Hoban

Mr David Gauke

Justine Greening

Mr Brooks Newmark

NC1

To move the following Clause:—

‘On any occasion when the Chancellor of the Exchequer or a Treasury Minister

announces to Parliament any change or intended future change to—

(a)
income tax rates,

(b)
income tax thresholds,

(c)
income tax personal allowances,

(d)
National Insurance contribution rates, or

(e)
National Insurance thresholds,

other than in the course of a statement to Parliament presenting a Budget or Pre-

Budget Report, the Treasury must publish a current forecast of—

(a)
public sector net borrowing,

(b)
growth rate of gross domestic product, and

(c)
consumer price inflation,

for the current fiscal year and each of the subsequent four fiscal years, updated to

take account of that announcement.’.

Treatment of siblings for purpose of inheritance tax

Mr Frank Field

NC2

To move the following Clause:—

‘(1)
Section 18 of IHTA 1984 is amended as follows.

Notices of Amendments: 20th June 2008
2678

Finance Bill, continued

(2)
In each of subsections (1), (2) and (3) for “or civil partner” substitute “, civil

partner or sibling”.

(3)
After subsection (4) insert—

“(5)
In this section “sibling” means a brother or sister with whom the

transferor had lived in the same household for not less than ten years

before the transfer.”.

(4)
In the title for “or civil partners” substitute “, civil partners or siblings”.’.

Mr Frank Field

1

Page  3,  line  27  [Clause  8],  leave out ‘and civil partners’ and insert ‘, civil partners

and siblings’.

Mr Frank Field

2

Page  131,  line  25  [Schedule  4],  leave out ‘or civil partner’ and insert ‘, civil partner

or sibling’.

Mr Frank Field

3

Page  131,  line  27  [Schedule  4],  at end insert—

‘(1A)
In subsection (1) “sibling” means a brother or sister with whom the deceased

person had lived in the same household for not less than ten years before the

person’s death.’.

Vehicle excise duty: variation of graduated rates for light passenger vehicles

Mr Philip Hammond

Mr Mark Hoban

Mr David Gauke

Justine Greening

Mr Brooks Newmark

NC3

To move the following Clause:—

‘(1)
The Treasury may by regulations made by statutory instrument vary the table in

paragraph 1B (graduated rates for light passenger vehicles) of Schedule 1 to

VERA (annual rates of duty).

(2)
A statutory instrument containing regulations under this section may not be made

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

of the House of Commons.

(3)
The power conferred by subsection (1) does not extend to the ending of different

provision for vehicles first registered after 1 March 2001 and before 23 March

2006 and with a CO2 emissions figure exceeding 185 g/km.’.

Notices of Amendments: 20th June 2008
2679

Finance Bill, continued

Income tax rates

Mr George Osborne

Mr Philip Hammond

Mr Mark Hoban

Mr David Gauke

Justine Greening

NC4

To move the following Clause:—

‘(1)
The amendments made by the provisions of this Act specified in subsection (2)

shall cease to have effect at midnight on 5 January 2009 unless the conditions set

out in subsection (3) have been satisfied.

(2)
The provisions referred to in subsection (1) are—

(a)
section 3(2) and (3), and

(b)
section 3(7)(a) and Schedule 1 (in so far as they relate to the starting rate).

(3)
The conditions referred to in subsection (1) are that—

(a)
the Chancellor of the Exchequer shall have laid before the House of

Commons a statement setting out the measures taken, or intended to be

taken, to mitigate the effect of the amendments made by the provisions

of this Act specified in subsection (4), when taken together, on those for

whom such effect is a net increase in income tax payable, and

(b)
the House of Commons shall by resolution have approved such

statement.

(4)
The provisions referred to in subsection (3) are—

(a)
sections 1, 3(2) and 3(3),

(b)
section 3(7)(a) and Schedule 1 (in so far as they relate to the starting rate),

and

(c)
any other provision of this Act the effect of which is to change the bands

of income on which income tax is charged.’.

Coming into force of Part 7

Mr Philip Hammond

Mr Mark Hoban

Mr David Gauke

Justine Greening

Mr Brooks Newmark

NC5

To move the following Clause:—

‘The provisions contained in Part 7 of this Act shall not come into force until—

(a)
the Treasury has prepared and laid before the House of Commons a

report setting out the safeguards available to taxpayers and third parties

in respect of HMRC’s powers contained in Part 7 of this Act; and

(b)
the House of Commons has by resolution approved the report.’.

Notices of Amendments: 20th June 2008
2680

Finance Bill, continued

Mr Philip Hammond

Mr Mark Hoban

Mr David Gauke

Justine Greening

Mr Brooks Newmark

4

Page  385,  line  21  [Schedule  39],  leave out paragraph 12.

Harmonisation of income tax and national insurance contributions

Mr Philip Hammond

Mr Mark Hoban

Mr David Gauke

Justine Greening

NC6

To move the following Clause:—

‘(1)
If for any tax year—

(a)
the personal allowance under section 35 of the Income Tax Act 2007 (c.

3) is set at an amount which is not equal to the amount of the primary

threshold under section 5 of the Social Security Contributions and

Benefits Act 1992 (c. 4), or

(b)
the sum of the personal allowance and the basic rate limit under sections

35 and 10(2) of the Income Tax Act 2007 (c. 3) is set at an amount which

is not equal to the upper earnings limit under section 5 of the Social

Security Contributions and Benefits Act 1992 (c. 4),


the Treasury shall within one month of the passing of the Act which sets the

personal allowance or basic rate limit lay before Parliament a report explaining

the matters set out in subsection (2).

(2)
Those matters are—

(a)
why the amounts have diverged for the year, and the expected future path

of the amounts in relation to each other; and

(b)
the estimated cost to—

(i)
empoyers, and

(ii)
HMRC,


of operating a system of divergent thresholds and the savings that are

expected to result from a convergence of those thresholds.’.

Vehicle mileage costs

Mr Philip Hammond

Mr Mark Hoban

Mr David Gauke

Justine Greening

NC7

To move the following Clause:—

‘The Treasury shall publish annually alongside the Pre-Budget report an estimate

of the average cost of operating a motor vehicle (including associated running

costs and depreciation) per mile for a vehicle driving 10,000 miles per year for—

(a)
a vehicle registered before 1st March 2001 paying a pre-graduated

Vehicle Excise Duty with an engine size 1549cc below;

Notices of Amendments: 20th June 2008
2681

Finance Bill, continued

(b)
a vehicle registered before 1st March 2001 paying pre-graduated Vehicle

Excise Duty with an engine size above 1549cc; and

(c)
a vehicle registered after 1st March 2001 liable to pay graduated Vehicle

Excise Duty in each of the VED bands A-M with effect from 1st april

2009.’.

Fuel duties: rates and rebates: general fuel duty regulator

Mr Stewart Hosie

NC8

To move the following Clause:—

‘(1)
HODA 1979 is amended as follows.

(2)
In section 6 (excise duty on hydrocarbon oil) after subsection (1A) (as substituted

by section 11 of this Act) insert—

“(1AA)
In every Budget Statement and pre-Budget Statement the Chancellor of

the Exchequer must provide a forecast for oil prices and set out

anticipated yield from fuel duty and VAT on fuel for that price and for a

range of prices up to 50 per cent. above his forecast.

(1AB)
The Treasury must, following each such statement, by regulations made

by statutory instrument reduce the rates of duty specified in subsection

(1A) in direct proportion to the increase in the costs accounted for by

VAT.

(1AC)
Whenever international oil prices rise above the level estimated by the

forecast made in accordance with subsection (1AA), indexed fuel duty

increases shall not take effect until the international oil prices return to

the forecast level or the forecast price is amended by the next Budget or

pre-Budget Statement.”’.

Fuel duties: rates and rebates: road hauliers and remote rural areas

Mr Stewart Hosie

NC9

To move the following Clause:—

‘(1)
HODA 1979 is amended as follows.

(2)
In section 6 (excise duty on hydrocarbon oil) after subsection (1A) (as substituted

by section 11 of this Act) insert—

“(1AA)
In every Budget Statement and pre-Budget Statement the Chancellor of

the Exchequer must provide a forecast for oil prices and set out

anticipated yield from fuel duty and VAT on fuel for that price and for a

range of prices up to 50 per cent. above his forecast.

(1AB)
The Treasury must—

(a)
following each such statement, by regulations made by statutory

instrument reduce the rates of duty specified in subsection (1A)

in direct proportion to the increase in the cost accounted for by

VAT;

(b)
provide a mechanism to pay the reduction directly to road

hauliers with an ‘O’ licence including a restricted licence, a

standard licence or a standard international licence;

Notices of Amendments: 20th June 2008
2682

Finance Bill, continued

(c)
bring forward proposals not later than the pre-Budget Statement

2008 to provide specific fuel duty reductions targeted at fuel sold

in remote rural areas.

(1AC)
Whenever international oil prices rise above the level estimated by the

forecast made in accordance with subsection (1AA), indexed fuel duty

increases shall not take effect until the international oil prices return to

the forecast level or the forecast price is amended by the next Budget or

pre-Budget Statement.”’.