Public Bill Committee: 23 June 2009

184

Finance Bill, continued

Mr Stephen Timms

300

Schedule  46,  page  343,  line  35,  leave out from ‘“company”’ to end of line 36 and

insert ‘has the same meaning as in the Companies Acts (see section 1(1) of the Companies

Act 2006) but does not include a company that is an open-ended investment company

(within the meaning of section 468A of ICTA) or an investment trust (within the meaning

of section 842 of ICTA);’.

Mr Stephen Timms

301

Schedule  46,  page  343,  leave out lines 39 and 40.

Mr Stephen Timms

302

Schedule  46,  page  344,  line  2,  at end insert—

‘“relevant body” means a company or other body corporate but does not

include a limited liability partnership;’.

Mr Stephen Timms

303

Schedule  46,  page  344,  leave out lines 3 to 5.

Mr Stephen Timms

304

Schedule  46,  page  344,  line  7,  at end insert—

‘(2)	For the purposes of this Schedule—

(a)	a relevant body is a member of a group if—

(i)	another relevant body is its 51 per cent subsidiary, or

(ii)	it is a 51 per cent subsidiary of another relevant body, and

(b)	two relevant bodies are members of the same group if—

(i)	one is a 51 per cent subsidiary of the other, or

(ii)	both are 51 per cent subsidiaries of a third relevant body.

(3)	Section 838 of ICTA (meaning of “51 per cent subsidiary”) applies for the

purposes of this Schedule as it applies for the purposes of the Corporation Tax

Acts (subject to the modification in sub-paragraph (4)).

(4)	It applies as if references in that section to a body corporate were to a relevant

body.’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

81

Clause  93,  page  45,  line  27,  leave out ‘£25,000’ and insert ‘the greater of—

(i)	£25,000 or

(ii)	a percentage of the person’s income as determined by an order

made by the Treasury.’.

Public Bill Committee: 23 June 2009

185

Finance Bill, continued

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

82

Clause  93,  page  45,  line  30,  after ‘deliberate’, insert ‘and concealed’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

83

Clause  93,  page  45,  leave out lines 32 to 40.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

84

Clause  93,  page  46,  line  14,  at end insert—

‘(5A)

No information may be published without the consent of the Chief Executive of

Her Majesty’s Revenue and Customs.’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

85

Clause  93,  page  46,  line  18,  at end insert ‘and

(c)	inform the person of his right of appeal under subsection (11A) below’.

Mr Stephen Timms

305

Clause  93,  page  46,  line  27,  leave out from ‘paragraph’ to end of line 36 and insert

‘10 of Schedule 24 to FA 2007, or

(b)	paragraph 13 of Schedule 41 to FA 2008,

(reductions for disclosure) to the full extent permitted.’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

86

Clause  93,  page  46,  line  36,  at end insert—

‘(11A)

No information may be published until the person has had the opportunity to

appeal to the First Tier Tribunal for an in-camera hearing against the decision to

publish details of that person.

(11B)

The Treasury may by order made by statutory instrument make provision for and

in connection with appeals to the First Tier Tribunal under subsection (11A).’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

87

Clause  94,  page  47,  line  11,  leave out subsections (2) to (5).

Public Bill Committee: 23 June 2009

186

Finance Bill, continued

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

88

Clause  94,  page  47,  line  19,  at end insert—

‘(3A)

An order under this section may not—

(a)	remove or weaken a safeguard available to a taxpayer, or

(b)	increase a penalty or HMRC power.’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

61

Clause  94,  page  47,  line  22,  leave out ‘annulment in pursuance of a’ and insert ‘an

affirmative’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

66

Schedule  47,  page  345,  line  35,  leave out sub-paragraph (5).

Mr Stephen Timms

306

Schedule  47,  page  348,  line  11,  leave out from ‘person’ to ‘the’ in line 13 and insert

‘if—

(a)	it appears to an officer of Revenue and Customs that a counteraction

provision may apply to the person by reason of one or more transactions,

and

(b)

’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

62

Clause  95,  page  48,  line  2,  leave out subsections (5) to (8).

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

63

Clause  95,  page  48,  line  4,  at end insert—

‘(5A)

An order under this section may not—

(a)	remove or weaken a safeguard available to a taxpayer, or

(b)	increase a penalty or HMRC power.’.

Public Bill Committee: 23 June 2009

187

Finance Bill, continued

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

64

Clause  95,  page  48,  line  11,  leave out ‘annulment in pursuance of a’ and insert ‘an

affirmative’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

67

Schedule  49,  page  358,  line  50,  at end insert—

‘(ba)

Revenue and Customs has used all reasonable efforts to ascertain contact

details of the debtor’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

68

Schedule  49,  page  359,  line  24,  at end insert ‘such period being not less than 30

days from the date of the notice.’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

69

Schedule  49,  page  359,  line  27,  after ‘it’, insert ‘does not have the information or

that it’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

70

Schedule  49,  page  360,  line  22,  at end insert—

‘Application of data protection legislation

7A	A third party who provides information to Revenue and Customs as a

consequence of the powers contained in this Schedule shall be deemed to have

acted in compliance with his responsibilities under data protection

legislation.’.

Public Bill Committee: 23 June 2009

188

Finance Bill, continued

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

71

Schedule  52,  page  377,  line  23,  leave out ‘, or ought reasonably to have known,’.

Mr Stephen Timms

307

Clause  104,  page  52,  line  17,  at end insert—

‘( )	In the following provisions, for the words from “the same rate” to the end

substitute “the rate applicable under section 178 of the Finance Act 1989”—

(a)	section 48(1) of FA 1975 (interest on repayment of estate duty), and

(b)	section 235(1) of IHTA 1984 (interest on overpaid inheritance tax).

( )	In section 178(2) of FA 1989 (setting of rates of interest)—

(a)	after paragraph (g) insert—

“(ga)

section 48(1) of the Finance Act 1975,”, and

(b)	in paragraph (k), after “sections 233” insert “, 235(1)”.’.

Mr Stephen Timms

308

Schedule  55,  page  400,  line  30,  after ‘P’, insert ‘first’.

Mr Stephen Timms

309

Schedule  55,  page  400,  line  34,  leave out ‘P is not liable’.

Mr Stephen Timms

310

Schedule  55,  page  400,  line  35,  after ‘applies’ insert—

‘(a)	paragraphs 10(2)(b) and 11(5)(b) do not apply, and

(b)	P is not liable’.

Mr Stephen Timms

311

Schedule  55,  page  400,  line  37,  leave out from first ‘the’ to end of line 38 and insert

‘date on which P first made a return’.

Mr Stephen Timms

312

Schedule  56,  page  406,  line  38,  column  3,  leave out from ‘Amount’ to end of

line 41 and insert ‘charged in an assessment under paragraph 11(1) of Schedule 2 to OTA

1975’.

Public Bill Committee: 23 June 2009

189

Finance Bill, continued

Mr Stephen Timms

313

Schedule  56,  page  407,  line  7,  at end insert—

	‘ 15A	Petroleum revenue tax	Amount charged in an assessment	The date falling 6 months and 30 days
			made where participator fails to	after the end of the chargeable period’.
			deliver return for a chargeable period

Mr Stephen Timms

314

Schedule  56,  page  407,  line  9,  column  2,  leave out ‘or 9 to 11’ and insert ‘, 9 or

10’.

Mr Stephen Timms

315

Schedule  56,  page  407,  line  38,  at end insert—

‘ 20A

Petroleum revenue tax

Amount charged in an assessment, or

The date falling 30 days after—

an amendment of an assessment,

(a)	the date by which the amount

made in circumstances other than

must be paid, or

those set out in items 11 and 15A

(b)	the date on which the assess-

ment or amendment is made,

whichever is later’.

Mr Stephen Timms

316

Schedule  56,  page  407,  line  40,  column  2,  leave out ‘or 9 to 11’ and insert ‘, 9

or 10’.

Mr Stephen Timms

317

Schedule  56,  page  407,  line  44,  column  3,  leave out ‘or 9 to 11’ and insert ‘, 9

or 10’.

Mr Stephen Timms

318

Schedule  56,  page  407,  line  45,  column  2,  leave out ‘or 9 to 11’ and insert ‘, 9

or 10’.

Mr Stephen Timms

319

Schedule  56,  page  408,  line  4,  leave out ‘11’ and insert ‘10’.

Mr Stephen Timms

320

Schedule  56,  page  408,  line  31,  at end insert ‘or (c)’.

Public Bill Committee: 23 June 2009

190

Finance Bill, continued

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

333

Clause  110,  page  56,  line  6,  at end insert—

‘(7A)

Where—

(a)	subsection (5) applies, and

(b)	HMRC makes a decision not to give P a notice under subsection (6)(c)

for all or part of the specified payments,

P may appeal against that decision to the First-tier Tribunal

(7B)	On an appeal under subsection (7A) the First-tier Tribunal may—

(a)	affirm or cancel HMRC’s decision, or

(b)	substitute for HMRC’s decision another decision that HMRC had power

to make.’.

Mr David Gauke

Mr Mark Hoban

Mr Greg Hands

334

Clause  110,  page  56,  line  23,  at end insert—

‘12A	Regulations under this section are to be made by statutory instrument.

12B	No regulations may be made under this section unless a draft of the statutory

instrument containing them has been laid before, and approved by a resolution

of, the House of Commons.’.

Mr Stephen Timms

321

Schedule  61,  page  422,  line  16,  leave out from ‘2003)’ to end of line 19 and insert

‘except that it does not include a lease if the lease is for—

(a)	a term of years of 21 years or less, or

(b)	in Scotland, a period of 21 years or less.’.

Mr Stephen Timms

322

Schedule  61,  page  424,  line  15,  at beginning insert ‘in England and Wales,’.

Mr Stephen Timms

323

Schedule  61,  page  424,  line  23,  leave out paragraphs (a) and (b) and insert—

‘(a)	is a first charge on, or a security ranking first granted over, the interest

transferred to Q,

(b)	is in favour of the Commissioners for Her Majesty’s Revenue and

Customs, and’.

Mr Stephen Timms

324

Schedule  61,  page  426,  line  12,  leave out ‘imposed or security granted’ and insert

‘or security registered’.

---

Revised 23 June 2009