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| (Clauses 3, 5, 6, 15, 21, 49, 90 and 117
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| and new Clauses amending section 74 of the Finance Act 2003)
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| Mr Chancellor of the Exchequer |
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| | To move, That the order in which proceedings in the Committee of the whole House |
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| | on the Finance Bill are taken shall be: Clauses 5, 6, 21, 3, 49 and 90, new Clauses |
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| | amending section 74 of the Finance Act 2003 and Clauses 117 and 15 |
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| Clause 5, page 2, line 36, leave out ‘21%’ and insert ‘20%’. |
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| Clause 5, page 2, line 37, at end insert— |
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| | ‘(1A) | Subsection (1)(a) shall come into force on a day which the Treasury may by order |
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| | (1B) | No order may be made under subsection (1A) until— |
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| | (a) | the Treasury has compiled and laid before the House of Commons a |
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| | report containing an assessment of the impact on the competitiveness of |
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| | small companies as a result of changes to the small companies rate of |
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| | (b) | the report has been approved by a resolution of the House of Commons.’. |
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| Clause 5, page 3, line 1, leave out ‘7/400ths’ and insert ‘1/40th’. |
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| Clause 6, page 3, leave out line 17 and insert ‘Capital gains shall be taxed at the same |
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| Clause 6, page 3, line 20, leave out from ‘(1)’ to end of line 21 and add ‘will have |
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| effect from a day which the Treasury may by order appoint. |
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| | (4) | No order may be made under subsection (3) until— |
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| | (a) | the Treasury has compiled and laid before the House of Commons a |
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| | report containing an assessment of the impact of changes to the rate of |
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| | (i) | businesses seeking investment, |
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| | (ii) | investors who normally pay tax via capital gains tax, and |
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| | (iii) | the availability and cost of houses to buy and rent; and |
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| | (b) | the report has been approved by a resolution of the House of Commons.’. |
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| | Clause Agreed to on division. |
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| Clause 21, page 11, line 17, at end add— |
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| | ‘(3) | The amendment made by subsection (1) ceases to have effect on 1st April 2009 |
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| | unless the Secretary of State has made regulations under the Gambling Act 2005 |
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| | which permit up to one-fifth of the gaming machines in bingo halls and arcades |
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| | to be Category B3 machines (as defined in regulations made under section 236 of |
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| Clause 3, page 2, line 21, at beginning insert ‘Save as provided in subsection |
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| Clause 3, page 2, line 22, at end insert— |
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| | ‘(6A) | The amendments made by this section shall cease to have effect at midnight on |
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| | 5th January 2009 unless the condition set out in subsection (6B) has been |
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| | (6B) | The condition referred to in subsection (6A) is that the Chancellor of the |
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| | Exchequer shall have laid before the House of Commons a statement setting out |
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| | the measures taken to mitigate the effect of the amendments made by this section |
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| | and by section 1 (when taken together) on those for whom such effect is a net |
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| | increase in income tax payable and the House of Commons shall, by resolution, |
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| | have approved such statement.’. |
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| Clause 3, page 2, line 25, at end add— |
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| | ‘(8) | The Chancellor of the Exchequer shall introduce measures to increase tax income |
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| | from high earning groups to offset the effect of the abolition of the starting rate |
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| | in a progressive manner.’. |
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| | Clause Agreed to on division. |
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