|
| |
| | |
| | |
| |
| | |
| | |
| | |
| | For other Amendment(s) see the following page(s):
|
|
| | Finance Bill Committee 207-228 and 229-35 |
|
| | |
| | |
| | (Except Clauses 3, 5, 6, 15, 21, 49, 90 and 117
|
|
| | and new Clauses amending section 74 of the Finance Act 2003)
|
|
| | |
| | | |
| | Clause 148, page 90, line 41, leave out ‘and (7B)’ and insert ‘, (7B) and (13)’. |
|
| | |
| | | |
| | Clause 148, page 90, line 42, leave out first ‘a right to’. |
|
| | |
| | | |
| | Clause 148, page 90, line 42, leave out second ‘a right to’. |
|
| | |
| | | |
| | Clause 148, page 90, line 44, at end insert— |
|
| | | ‘(c) | subsections (7B) and (13) also have effect as if— |
|
| | | (i) | references to a capital market investment were references to the |
|
| | | loan capital falling within paragraph (d) of section 78(7), and |
|
| | | (ii) | references to a capital market arrangement were to the |
|
| | | arrangements under which that loan capital is raised.’. |
|
| | |
| | | |
| | Schedule 45, page 416, line 29, leave out ‘the dwelling’ and insert ‘it’. |
|
|
| |
| | |
| | |
| |
| | |
| | | |
| | Schedule 45, page 417, line 12, leave out ‘is so produced’. |
|
| | |
| | | |
| | Schedule 45, page 417, line 41, at end insert— |
|
| | | ‘(2A) | In sub-paragraph (2), after “direction, may” insert “enter the place and”.’. |
|
| | | Qualifying expenditure: R&D relief and vaccine research relief |
|
| | |
| | | |
| | To move the following Clause:— |
|
| | | ‘(1) | Paragraph 5 of Schedule 20 to FA 2000 (R&D tax relief: staffing costs) is |
|
| | | |
| | | (2) | In sub-paragraph (1)(b), after “company;” insert— |
|
| | | “(ba) | the compulsory contributions paid by the company in respect |
|
| | | of benefits for directors or employees of the company under |
|
| | | the social security legislation of an EEA State (other than the |
|
| | | United Kingdom) or Switzerland;”. |
|
| | | (3) | Before sub-paragraph (1A) insert— |
|
| | | “(1ZB) | In sub-paragraph (1)(ba) “social security legislation” means |
|
| | | legislation relating to any of the branches of social security listed in |
|
| | | Article 3(1) of Regulation (EC) No 883/2004 of the European |
|
| | | Parliament and of the Council of 29 April 2004 on the co-ordination |
|
| | | of social security systems (as amended from time to time).” |
|
| | | (4) | Schedule 13 to FA 2002 (vaccine research relief) is amended as follows. |
|
| | | (5) | In paragraph 2 (qualifying expenditure)— |
|
| | | (a) | in sub-paragraph (1)(a), at the end insert “or”, |
|
| | | (b) | omit sub-paragraph (1)(c) (and the “or” before it), and |
|
| | | (c) | omit sub-paragraph (4). |
|
| | | (6) | In paragraph 6 (qualifying expenditure on sub-contracted research and |
|
| | | |
| | | (a) | in sub-paragraph (1), the second sentence, and |
|
| | | (b) | sub-paragraph (3) (expenditure on research sub-contracted to a charity, a |
|
| | | university or a scientific research organisation). |
|
| | | (7) | Omit paragraph 12 (qualifying expenditure on contributions to independent |
|
| | | research and development). |
|
| | | (8) | Omit paragraph 25 (refunds of qualifying expenditure on contributions to |
|
| | | independent research and development). |
|
| | | (9) | Accordingly, in paragraph 3 of Schedule 8 to this Act (changes to rates of vaccine |
|
| | | research relief), omit sub-paragraphs (2)(e) and (3)(d). |
|
| | | (10) | The amendments made by this section have effect in relation to expenditure |
|
| | | incurred on or after such day as the Treasury may by order appoint. |
|
| | | (11) | Paragraph 10(4) of Schedule 13 to FA 2002 (time limit for giving notice of |
|
| | | election for connected persons treatment) does not apply to a notice of an election |
|
| | | under that paragraph in relation to sub-contractor payments if— |
|
|
| |
| | |
| | |
| |
| | | (a) | the sub-contractor falls within paragraph 6(3) of that Schedule (repealed |
|
| | | by this section) (charity, university or scientific research organisation), |
|
| | | |
| | | (b) | the notice is given before the end of the period of 12 months beginning |
|
| | | with the day appointed under subsection (10).’. |
|
| | |
| | | |
| | Schedule 7, page 168, line 10, leave out from ‘is’ to end of line and insert ‘such of |
|
| | the individual’s specific employment income for that year as is’. |
|
| | |
| | | |
| | Schedule 7, page 168, leave out lines 13 to 16. |
|
| | |
| | | |
| | Schedule 7, page 170, line 31, leave out sub-paragraph (3). |
|
| | |
| | | |
| | Schedule 7, page 171, line 40, at end insert— |
|
| | | ‘(2A) | The reference in subsection (2) to an amount that counts as |
|
| | | employment income under any of the provisions mentioned there does |
|
| | | not include an amount which counts as employment income by virtue |
|
| | | of any provision of Chapter 3A or 3B of Part 7.’. |
|
| | |
| | | |
| | Schedule 7, page 172, line 8, leave out ‘section 41C’ and insert ‘sections 41C to |
|
| | |
| | |
| | | |
| | Schedule 7, page 172, line 13, leave out ‘earnings are’ and insert ‘foreign securities |
|
| | |
| | |
| | | |
| | Schedule 7, page 172, line 16, leave out from beginning to ‘treat’ in line 25. |
|
| | |
| | | |
| | Schedule 7, page 172, line 26, at end insert— |
|
| | | |
| | | (a) | the chargeable event is the disposal of the relevant securities |
|
| | | or the assignment or release of the relevant securities option, |
|
| | | |
| | | (b) | the individual receives consideration for the disposal, |
|
| | | assignment or release of an amount equal to or exceeding the |
|
| | | market value of the relevant securities or securities option, |
|
|
| |
| | |
| | |
| |
| | | | for the purposes of those sections treat the consideration (and not the |
|
| | | relevant securities or securities option) as deriving from the foreign |
|
| | | |
| | |
| | | |
| | Schedule 7, page 173, line 2, leave out ‘an employment-related’ and insert ‘a’. |
|
| | |
| | | |
| | Schedule 7, page 173, line 6, leave out from ‘with’ to end of line. |
|
| | |
| | | |
| | Schedule 7, page 173, line 8, leave out from ‘otherwise,’ to end of line 10 and |
|
| | insert ‘the relevant period is— |
|
| | | (i) | the tax year in which the notional loan (within the |
|
| | | meaning of Chapter 3C) is treated as made, or |
|
| | | (ii) | if the chargeable event occurs in that year, the period |
|
| | | beginning at the beginning of that year and ending |
|
| | | with the day of that event.’. |
|
| | |
| | | |
| | Schedule 7, page 173, line 16, leave out ‘such period as is just and reasonable’ and |
|
| | insert ‘the tax year in which the chargeable event occurs’. |
|
| | |
| | | |
| | Schedule 7, page 173, leave out line 25 and insert ‘For the purposes of this section an |
|
| | |
| | |
| | | |
| | Schedule 7, page 174, line 33, leave out ‘earnings’ and insert ‘employment |
|
| | |
| | |
| | | |
| | Schedule 7, page 174, line 35, leave out ‘those earnings that are’ and insert ‘that |
|
| | |
| | |
| | | |
| | Schedule 7, page 174, line 21, at end insert— |
|
| | | ‘(8) | This section is subject to section 41E (foreign securities income: just |
|
| | | and reasonable apportionment).’. |
|
| | |
| | | |
| | Schedule 7, page 174, line 44, at end insert— |
|
|
