|
|
| |
| |
|
| |
| | |
| Schedule 61, page 430, line 19, leave out ‘imposed on it, or security granted over |
|
| it,’ and insert ‘or security registered’. |
|
| |
| | |
| Schedule 61, page 430, line 20, leave out ‘that condition is complied with’ and |
|
| |
| | ‘(a) | Q provides HMRC with the prescribed evidence that condition G is |
|
| | met in relation to the original land, and |
|
| | |
| |
| | |
| Schedule 61, page 430, line 23, leave out ‘imposed on it, or security granted over |
|
| it,’ and insert ‘or security registered’. |
|
| |
| | |
| Schedule 61, page 430, line 25, after ‘that’, insert— |
|
| | ‘(a) | condition G is met in relation to the original land, and |
|
| | |
| |
| | |
| Schedule 61, page 430, line 36, after ‘charge’, insert ‘on land in England and |
|
| |
| |
| | |
| Schedule 61, page 430, line 38, leave out ‘and’. |
|
| |
| | |
| Schedule 61, page 430, line 39, after ‘security’, insert ‘granted over land in |
|
| |
| |
| | |
| Schedule 61, page 430, line 40, at end insert ‘and |
|
| | ‘(c) | in the case of a charge on land in Northern Ireland, notify the Registrar |
|
| | of Titles of the discharge.’. |
|
| |
|
|
| |
| |
|
| |
| | Taxation: general anti-avoidance principle |
|
| |
| | |
| To move the following Clause:— |
|
| | ‘(1) | If, when determining the liability of a person to taxation, duty or similar charge |
|
| | due under statute in the United Kingdom, it shall be estimated that a step or steps |
|
| | have been included in a transaction giving rise to that liability or to any claim for |
|
| | an allowance, deduction or relief, with such steps having been included for the |
|
| | sole or one of the main purposes of securing a reduction in that liability to |
|
| | taxation, deduction or similar charge with no other material economic purpose for |
|
| | the inclusion of such a step being capable of demonstration by the taxpayer, then, |
|
| | subject to the sole exception that the step or steps in question are specifically |
|
| | permitted under the terms of any legislation promoted for the specific purpose of |
|
| | permitting such use, such step or steps shall be ignored when calculating the |
|
| | resulting liability to taxation, duty or similar charge. |
|
| | (2) | In the interpretation of this provision a construction that would promote the |
|
| | purpose or object underlying the provision shall be preferred to a construction |
|
| | that would not promote that purpose or object.’. |
|
| |
| | Personal allowances for 2009-10 for those aged over 65 |
|
| |
| |
| |
| | |
| To move the following Clause:— |
|
| | ‘(1) | For the tax year 2009-10 the amount specified in— |
|
| | (a) | section 36 of ITA 2007, and |
|
| | (b) | section 257(2) of ICTA, |
|
| | | (personal allowance for those aged 65 to 74) is replaced with “£11,490”. |
|
| | (2) | For the tax year 2009-10 the amount specified in— |
|
| | (a) | section 37 of ITA 2007, and |
|
| | (b) | section 257(3) of ICTA, |
|
| | | (personal allowance for those aged 75 and over) is replaced with “£11,640”’. |
|
| |
|
|
| |
| |
|
| | Thresholds for residential property |
|
| |
| |
| |
| | |
| To move the following Clause:— |
|
| | ‘(1) | A land transaction is exempt from the charge to stamp duty land tax if— |
|
| | (a) | it is a relevant acquisition of land which consists entirely of residential |
|
| | |
| | (b) | the relevant chargeable consideration for the transaction is not more than |
|
| | |
| | (c) | the purchaser is a first time purchaser. |
|
| | (2) | In paragraph (1)(a) a “relevant acquisition of land” means an acquisition of a |
|
| | major interest in land other than— |
|
| | (a) | the grant of a lease for a term of less than 21 years, or |
|
| | (b) | the assignment of a lease which has less than 21 years to run. |
|
| | (3) | In paragraph (1)(b) the “relevant chargeable consideration for the transaction” |
|
| | |
| | (a) | the chargeable consideration for the transaction, or |
|
| | (b) | where the transaction is one of a number of linked transactions, the total |
|
| | of the chargeable consideration for all those transactions. |
|
| | (4) | The Treasury shall by regulation define the meaning of “first time purchaser.”’. |
|
| |
| | Publication of taxpayer ‘gold list’ |
|
| |
| |
| |
| |
| | |
| To move the following Clause:— |
|
| | ‘(1) | The Commissioners may publish a list of taxpayers who, in the opinion of the |
|
| | Commissioners, have performed their tax paying and reporting obligations in an |
|
| | |
| | (2) | The details of a taxpayer identified under subsection (1) shall be as agreed |
|
| | between the Commissioners and the taxpayer. |
|
| | (3) | In making an assessment of the inclusion of a taxpayer for publication under |
|
| | subsection (1), the Commissioners shall take into account the size and complexity |
|
| | of the taxpayers’ affairs. |
|
| | (4) | The Commissioners shall not refuse to list a taxpayer under subsection (1) on the |
|
| | |
| | (a) | the taxpayer has taken reasonable measures to minimise his tax liability, |
|
| | |
| | (b) | the taxpayer, acting in good faith, is in dispute with HM Revenue and |
|
| | |
|
|
| |
| |
|
| | (5) | The Commissioners must publish guidance as to the criteria that shall be used in |
|
| | assessing whether a taxpayer should be identified under subsection (1). |
|
| | (6) | The Commissioners must consult with stakeholders before publishing any |
|
| | guidance under subsection (5).’. |
|
| |
| | Mileage allowance payments |
|
| |
| |
| |
| |
| | |
|
| To move the following Clause:— |
|
| | ‘(1) | Section 230 of ITEPA 2003 is amended as follows. |
|
| | (2) | In the table in subsection (2), for “40p” substitute “45p”. |
|
| | (3) | Insert at the end of subsection (6)— |
|
| | “(7) | The Treasury shall publish annually a report setting out its assessment of |
|
| | the impact of the rates under subsection (2) on the level of participation |
|
| | of volunteers in community transport schemes. |
|
| | (8) | A report under subsection (7) is subject to approval by resolution of the |
|
| | |
| |
| | |
| |
| |
| |
| |
| | |
|
| To move the following Clause:— |
|
| | ‘(1) | Schedule 12 of FA 2000 shall cease to have effect. |
|
| | (2) | Part 2 of Chapter 8 of ITEPA 2003 shall cease to have effect. |
|
| | (3) | This section has effect from the day on which this Act is passed.’. |
|
| |
|
|
| |
| |
|
| | Taxation status of Members of the House of Commons and House of Lords |
|
| |
| |
| |
| |
| | |
|
| To move the following Clause:— |
|
| | ‘(1) | A Member of the House of Commons or House of Lords is deemed to be resident, |
|
| | ordinarily resident and domiciled in the United Kingdom and in no other country |
|
| | |
| | (2) | This clause does not apply to a Member of the House of Lords who has been |
|
| | granted leave of absence and remains on a leave of absence thereafter. |
|
| | (3) | This section has effect from the day on which this Act is passed.’. |
|
| |
| | Private residential exemption from capital gains tax |
|
| |
| |
| |
| |
| | |
|
| To move the following Clause:— |
|
| | ‘(1) | Part 9 of TCGA 1992 is amended as follows. |
|
| | (2) | In subsection 222(5) (relief on disposal of private residence)— |
|
| | (a) | leave out paragraph (a) and insert— |
|
| | “(a) | the Commissioners must notify, in writing, the |
|
| | individual of the notice requirement in paragraph (aa), |
|
| | (aa) | the individual must give notice to the inspector within |
|
| | six months from the date on which the notification under |
|
| | paragraph (a) was received but subject to a right to vary |
|
| | that notice by a further notice to the inspector as respects |
|
| | any period beginning not earlier than six months before |
|
| | the giving of the further notice,”, and |
|
| | (b) | in paragraph (b) leave out “(a)” and insert “(aa)”. |
|
| | (3) | Insert after subsection 223(2)— |
|
| | “(2A) | Subsections (1) and (2) do not apply where an individual has varied a |
|
| | notice under section 222(5)(aa) to the effect that an individual’s previous |
|
| | main residence has been redesignated as their main residence.”. |
|
| | (4) | The amendments made by this section have effect for the tax year 2010-11 and |
|
| | |
| |
|
|
| |
| |
|
| | Furnished holiday lettings |
|
| |
| |
| |
| |
| | |
|
| To move the following Clause:— |
|
| | ‘(1) | The Chancellor of the Exchequer shall, before the publication of the 2009 Pre- |
|
| | Budget Report, have compiled and laid before the House of Commons a report |
|
| | containing an assessment of the impact of— |
|
| | (a) | section 503 of ICTA, and |
|
| | (b) | chapter 6 of part 3 of ITTOIA 2005, |
|
| | | on the liability to tax of commercially-let furnished holiday accommodation. |
|
| | (2) | A Minister of the Crown must, not later than one month after the report has been |
|
| | laid before the House of Commons, make a motion in that House in relation to the |
|
| | |
| |
| | Office of Budget Responsibility |
|
| |
| |
| |
| | |
|
| To move the following Clause:— |
|
| | ‘(1) | The Treasury shall establish an Office of Budget Responsibility. |
|
| | (2) | Its mandate shall be to work towards the establishment of— |
|
| | (a) | a balanced current budget adjusted for the economic cycle, |
|
| | (b) | falling debt as a percentage of GDP. |
|
| | (3) | The regulations shall specify that the functions of the Office of Budget |
|
| | Responsibility and they will include— |
|
| | (a) | producing fiscal forecasts at least once a year in advance of the Budget, |
|
| | (b) | producing short term forecasts of the state of the public finances, these |
|
| | will include the Office of Budget Responsibility’s best estimate of all |
|
| | current and future government liabilities, |
|
| | (c) | a forward looking judgement of the sustainability of the public finances, |
|
| | |
| | (d) | to make recommendations to Parliament on delivering the mandate in |
|
| | |
| | (4) | The regulations shall specify the governance arrangements of the Office of |
|
| | |
| | (5) | Regulations made under this section may not be made unless they have been laid |
|
| | before, and approved by a resolution of, each House of Parliament.’. |
|
| |
|
|
| |
| |
|
| | Order of the House [6 MAY 2009] |
|
| | That the following provisions shall apply to the Finance Bill:
|
|
| | |
| | 1. | Clauses 7, 8, 9, 11, 14, 16, 20 and 92 be committed to a Committee of the |
|
| | |
| | 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. |
|
| |
| | Resolution of the Committee [19 May 2009] |
|
| | That the Committee shall meet—
|
|
| | on Tuesdays at 10.30 a.m. and 4.30 p.m., and
|
|
| | on Thursdays (other than Thursday 4 June) at 9.00 a.m. and 1.00 p.m.,
|
|
| | when the House is sitting. |
|
| |
| | Order of the Committee [19 May 2009] |
|
| | That the order in which proceedings are taken shall be: Clauses 1 to 5; Schedule 1; |
|
| | Clause 6; Schedules 2 and 3; Clauses 10, 12, and 13; Schedule 4; Clauses 15 and 17; |
|
| | Schedule 5; Clauses 18, 19 and 21 to 23; Schedule 6; Clauses 24 to 26; Schedule 7; Clause |
|
| | 27; Schedule 8; Clause 28; Schedule 9; Clause 29; Schedule 10; Clause 30; Schedule 11; |
|
| | Clause 31; Schedule 12; Clause 32; Schedule 13; Clauses 33 and 34; Schedule 14; Clause |
|
| | 35; Schedule 15; Clause 36; Schedule 16; Clause 37; Schedule 17; Clause 38; Schedule |
|
| | 18; Clauses 39 and 40; Schedule 19; Clause 41; Schedule 20; Clauses 42 and 43; Schedule |
|
| | 21; Clause 44; Schedule 22; Clauses 45 and 46; Schedule 23; Clauses 47 and 48; Schedule |
|
| | 24; Clause 49; Schedule 25; Clause 50; Schedule 26; Clause 51; Schedule 27; Clauses 52 |
|
| | and 53; Schedule 28; Clauses 54 to 58; Schedule 29; Clauses 59 to 61; Schedule 30; |
|
| | Clause 62; Schedule 31; Clause 63; Schedule 32; Clause 64; Schedule 33; Clause 65; |
|
| | Schedule 34; Clauses 66 to 71; Schedule 35; Clauses 72 to 75; Schedule 36; Clauses 76 |
|
| | to 82; Schedule 37; Clause 83; Schedule 38; Clause 84; Schedule 39; Clause 85; Schedule |
|
| | 40; Clause 86; Schedule 41; Clause 87; Schedule 42; Clause 88; Schedule 43; Clause 89; |
|
| | Schedule 44; Clause 90; Schedule 45; Clause 91; Schedule 46; Clauses 93 and 94; |
|
| | Schedule 47; Clause 95; Schedule 48; Clause 96; Schedule 49; Clause 97; Schedule 50; |
|
| | Clause 98; Schedule 51; Clause 99; Schedule 52; Clause 100; Schedule 53; Clause 101; |
|
| | Schedule 54; Clauses 102 to 105; Schedule 55; Clause106; Schedule 56; Clauses 107 and |
|
| | 108; Schedule 57; Clause 109; Schedule 58; Clauses 110 to 117; Schedule 59; Clause 118; |
|
| | Schedule 60; Clauses 119 to 122; Schedule 61; Clauses 123 and 124; new Clauses; new |
|
| | Schedules; Clauses 125 and 126 |
|
| |
|