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| | | met were the references there to the asset to be read as references to the new |
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| | | asset or the original asset.’. |
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| | Page 221, line 9 [Schedule 7], leave out paragraph 148. |
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| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 223, line 1 [Schedule 7], leave out from ‘purposes of’ to end of line 2 and |
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| | insert ‘Chapter A1 of Part 14 (remittance basis)—’. |
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| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 223, line 7 [Schedule 7], after ‘to’, insert ‘(or exceeding)’. |
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| | Page 223, line 14 [Schedule 7], leave out paragraph 161. |
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| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 223, line 41 [Schedule 7], leave out from ‘purposes of’ to ‘treat’ in line 42 and |
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| | insert ‘Chapter A1 of Part 14 (remittance basis),’. |
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| | |
| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 224, line 18 [Schedule 7], leave out from ‘purposes of’ to ‘treat’ in line 19 and |
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| | insert ‘Chapter A1 of Part 14 (remittance basis),’. |
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| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 224, line 40 [Schedule 7], leave out from ‘purposes of’ to ‘treat’ in line 41 and |
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| | insert ‘Chapter A1 of Part 14 (remittance basis),’. |
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| | Mr Chancellor of the Exchequer |
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| | Page 225, line 9 [Schedule 7], after ‘gains’, insert ‘or offshore income gains’. |
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| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 225, line 45 [Schedule 7], at end insert— |
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| | | ‘(4A) | For those purposes treat income for a period as arising immediately |
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| | | before the end of the period.’. |
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| | Page 226, line 1 [Schedule 7], leave out paragraph 171. |
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| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 226, line 2 [Schedule 7], at end insert— |
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| | | |
| | | 172 | For the purposes of this Part of this Schedule, the market value of any asset is |
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| | | its market value for the purposes of TCGA 1992.’. |
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| | Page 226, line 2 [Schedule 7], at end insert— |
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| | | ‘172 | The amendments made by Part 2 of this Schedule shall have effect from 6th |
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| | Mr Chancellor of the Exchequer |
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| | Page 270, line 35 [Schedule 17], leave out from beginning to ‘and’ in line 36. |
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| | Mr Chancellor of the Exchequer |
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| | Page 271, line 14 [Schedule 17], after ‘period’, insert ‘and distributions received |
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| | by the company in the accounting period from companies resident in the United Kingdom |
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| | so far as referable (in accordance with section 432A of the Taxes Act 1988) to the |
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| | company’s basic life assurance and general annuity business’. |
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| | |
| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 272, line 8 [Schedule 17], at end insert— |
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| | | ‘Insurance special purpose vehicles |
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| | | 19A | In section 431A of ICTA (powers to amend), after subsection (2) insert— |
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| | | “(2A) | The Treasury may by order make provision as to the application of the |
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| | | Corporation Tax Acts in relation to insurance special purpose |
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| | | |
| | | (2B) | An order under subsection (2A) above may in particular contain |
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| | | (a) | making amendments of any provision of the Corporation Tax |
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| | | |
| | | (b) | making provision for the life assurance provisions of the |
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| | | Corporation Tax Acts to have effect in relation to any |
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| | | specified description of insurance special purpose vehicles |
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| | | subject to specified modifications or exceptions. |
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| | | (2C) | An order under subsection (2A) above— |
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| | | (a) | may make provision having effect in relation to accounting |
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| | | periods current when it is made, and |
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| | | (b) | if it is made in consequence of, or otherwise in connection |
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| | | with, provision made by any enactment or instrument, may |
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| | | make provision having effect in relation to the same times as |
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| | | that enactment or instrument.”’. |
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| | |
| | Mr Chancellor of the Exchequer |
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| | | |
| | Page 275, line 31 [Schedule 17], at end insert— |
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| | | ‘(3) | But that amendment does not have effect (and is to be treated as never having |
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| | | had effect) in relation to a company if a relevant determination is made in |
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| | | proceedings commenced by the company before 15 May 2008 and is not |
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| | | reversed on an appeal or further appeal. |
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| | | (4) | A relevant determination is a determination that losses incurred in an |
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| | | accounting period earlier than that in which 31 December 2002 was included |
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| | | are to be taken into account for the purposes of section 89 of FA 1989 in |
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| | | arriving at Case I profits for accounting periods— |
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| | | (a) | beginning on or after 1 January 2003, and |
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| | | (b) | ending on or before 31 December 2006.’. |
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| | Page 382, line 37 [Schedule 36], leave out ‘solely’ and insert ‘in whole or in part’. |
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| | Page 383, line 23 [Schedule 36], leave out ‘solely’ and insert ‘in whole or in part’. |
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| | Page 383 [Schedule 36], leave out line 29 and insert— |
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| | | ‘(b) | if sub-paragraph 2(b) applies or the occupier does not agree a time and |
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| | | sub-paragraph (2) is satisfied, at any reasonable time.’. |
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| | Page 383, line 31 [Schedule 36], leave out ‘7’ and insert ‘14’. |
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| | Page 388 [Schedule 36], leave out lines 22 to 24. |
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| | Page 388 [Schedule 36], leave out lines 32 to 34. |
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| | Page 413, line 21 [Schedule 39], leave out paragraph 12. |
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| | |
| | | Order of the House [21st APRIL 2008] |
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| | | That the following provisions shall apply to the Finance Bill:
|
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| | | |
| | | 1. | Clauses 3, 5, 6, 15, 21, 49, 90 and 117 and new Clauses amending section 74 |
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| | | of the Finance Act 2003 be committed to a Committee of the whole House; |
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| | | 2. | the remainder of the Bill be committed to a Public Bill Committee; and |
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| | | 3. | when the provisions of the Bill considered by the Committee of the whole |
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| | | House and the Public Bill Committee have been reported to the House, the |
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| | | Bill be proceeded with as if it had been reported as a whole to the House from |
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| | | the Public Bill Committee. |
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| | |
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