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1821

 

House of Commons

 
 

Tuesday 29th April 2008

 

Committee of the whole House

 

Finance Bill


 

(Clauses 3, 5, 6, 15, 21, 49, 90 and 117


 

and new Clauses amending section 74 of the Finance Act 2003)


 

Note

 

The Amendments have been arranged in accordance with the Order of the

 

Committee [28th April].

 


 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Mr David Gauke

 

Justine Greening

 

17

 

Clause  49,  page  25,  line  21,  leave out ‘2008’ and insert ‘2009.’.

 

Mr Jeremy Browne

 

Dr Vincent Cable

 

Mr Colin Breed

 

Dr John Pugh

 

15

 

Clause  49,  page  25,  line  21,  at end add—

 

‘(5)    

Within twelve months of the commencement of this section, the Treasury shall

 

compile and lay before the House of Commons a report on the taxation of such

 

severance payments, including in particular the admissibility of contractual

 

payments for tax exemption.’.

 



 
 

Committee of the whole House: 29th April 2008            

1822

 

Finance Bill, continued

 
 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Justine Greening

 

Mr David Gauke

 

21

 

Clause  90,  page  51,  line  11,  leave out from ‘acquisition”’ to end of line 12 and

 

insert ‘means the acquisition of a dwelling when it has not been previously acquired by a

 

buyer’.

 

Mr Jeremy Browne

 

Dr Vincent Cable

 

Mr Colin Breed

 

Dr John Pugh

 

13

 

Clause  90,  page  51,  line  12,  leave out from ‘acquisition’ to end and insert ‘as a

 

zero-carbon home.’.

 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Justine Greening

 

Mr David Gauke

 

4

 

Clause  90,  page  51,  line  12,  leave out ‘occupied’ and insert ‘acquired by a buyer’.

 

Mr Jeremy Browne

 

Dr Vincent Cable

 

Mr Colin Breed

 

Dr John Pugh

 

14

 

Clause  90,  page  51,  line  12,  at end insert—

 

‘(2A)    

In section 58B omit subsection (6).’.

 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Justine Greening

 

Mr David Gauke

 

3

 

Clause  90,  page  51,  line  26,  at end add—

 

‘(8)    

The Treasury shall, by regulations, define a zero-carbon dwelling.

 

(9)    

Regulations under subsection (8) shall be made by statutory instrument.

 

(10)    

A statutory instrument containing regulations under subsection (8) may not be

 

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

 

House of Commons.

 

(11)    

Regulations under subsection (8) shall be laid not later than 31st December

 

2008.’.


 
 

Committee of the whole House: 29th April 2008            

1823

 

Finance Bill, continued

 
 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Justine Greening

 

Mr David Gauke

 

20

 

Clause  90,  page  51,  line  26,  at end add—

 

‘(8)    

The Treasury shall, by regulations, define a “zero-carbon home”.

 

(9)    

Regulations under subsection (8) must have regard to the desirability of ensuring

 

that all new homes should be zero carbon by 2016.

 

(10)    

Regulations under subsection (8) shall be made by statutory instrument.

 

(11)    

A statutory instrument containing regulations under subsection (8) may not be

 

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

 

House of Commons.

 

(12)    

Regulations under subsection (8) shall be laid not later than 31st December 2008.

 

(13)    

On the coming into operation of regulations under subsection (8), regulation 5 of

 

the Stamp Duty Land Tax (Zero-Carbon Homes Relief) Regulations 2007 (SI

 

2007/3437) shall cease to have effect.’.

 


 

New Clause amending section 74 of the Finance ACT 2003

 

Collective enfranchisement by leaseholders

 

Mr David Gauke

 

NC1

 

To move the following Clause:—

 

‘(1)    

Section 74 of the Finance Act 2003 is amended as follows.

 

(2)    

In subsection (1) omit “by an RTE company”.

 

(3)    

Omit subsection (4)(a).

 

(4)    

In subsection (4)(b) omit “by an RTE company”.’.

 


 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Mr David Gauke

 

Justine Greening

 

1A

 

Clause  117,  page  73,  line  12,  at end insert—

 

‘(3A)    

An order under subsection (2) may not be made until—

 

(a)    

the provisions of Schedule 24 to FA 2007 which are amended by

 

Schedule 40 have been in force for not less than 12 months, and

 

(b)    

the Treasury has laid before the House of Commons a report setting out

 

its assessment of the effectiveness of those provisions.’.


 
 

Committee of the whole House: 29th April 2008            

1824

 

Finance Bill, continued

 
 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Mr David Gauke

 

Justine Greening

 

3a

 

Clause  117,  page  73,  line  13,  leave out subsections (4) to (6).

 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Mr David Gauke

 

Justine Greening

 

2A

 

Clause  117,  page  73,  line  23,  at end insert—

 

‘(7A)    

A statutory instrument containing an order under subsection (2) may not be made

 

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

 

of Commons.’.

 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Mr David Gauke

 

Justine Greening

 

4A

 

Clause  117,  page  73,  line  24,  leave out subsection (8).

 


 

Stewart Hosie

 

Angus Robertson

 

Mr Alex Salmond

 

Mr Mike Weir

 

Pete Wishart

 

Mr Angus MacNeil

 

9

 

Clause  15,  page  8,  line  4,  at end insert—

 

‘(3A)    

In paragraph 1C (the reduced rate)—

 

(a)    

in sub-paragraph (1) for “or C” substitute “C or D”;

 

(b)    

after sub-paragraph (4) insert—

 

“(4A)  

Condition D is that the vehicle is a working vehicle.”; and

 

(c)    

in sub-paragraph (6) insert at the appropriate place—

 

““working vehicle” has such meaning as may be prescribed by the

 

Treasury in regulations made by statutory instrument,”’.


 
 

Committee of the whole House: 29th April 2008            

1825

 

Finance Bill, continued

 
 

Stewart Hosie

 

Angus Robertson

 

Mr Alex Salmond

 

Mr Mike Weir

 

Pete Wishart

 

Mr Angus MacNeil

 

10

 

Clause  15,  page  8,  line  17,  at end add ‘(subject to subsection (7)).

 

(7)    

The amendments made by subsection (3A) shall come into force on a day which

 

the Treasury may by order appoint.’.

 

Mr George Osborne

 

Mr Philip Hammond

 

Mr Mark Hoban

 

Justine Greening

 

Mr David Gauke

 

6

 

Clause  15,  page  8,  line  17,  at end add—

 

‘(7)    

The Treasury shall publish, not later than the date of the Budget 2009, an

 

estimate, audited by the Independent Committee on Climate Change (as

 

established by the Climate Change Act 2008), of the carbon emissions savings

 

resultant from the changes to vehicle excise duty contained in this section.’.

 

 

Order of the House [21st APRIL 2008]

 

That the following provisions shall apply to the Finance Bill:

 

 

1.    

Clauses 3, 5, 6, 15, 21, 49, 90 and 117 and new Clauses amending section 74

 

of the Finance Act 2003 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.

 

 

Order of the Committee [28th april 2008]

 

That the order in which proceedings in the Committee of the whole House on the

 

Finance Bill are taken shall be: Clauses 5, 6, 21, 3, 49 and 90, new Clauses amending

 

section 74 of the Finance Act 2003 and Clauses 117 and 15.

 


 
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