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45

 

House of Commons

 
 

Thursday 18 June 2009

 

Public Bill Committee Proceedings

 

Finance Bill


 

[Thirteeth and Fourteenth Sittings]


 

Clause 71 Agreed to.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Withdrawn  198

 

Schedule  35,  page  279,  line  18,  leave out ‘£20,000’ and insert ‘£50,000’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  199

 

Schedule  35,  page  279,  line  24,  leave out ‘£20,000’ and insert ‘£50,000’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  200

 

Schedule  35,  page  279,  line  25,  leave out ‘£20,000’ and insert ‘£50,000’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  201

 

Schedule  35,  page  280,  line  25,  leave out ‘£20,000’ and insert ‘£50,000’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Withdrawn  202

 

Schedule  35,  page  280,  line  36,  leave out from ‘year’ to end of line 38.


 
 

Public Bill Committee Proceedings: 18 June 2009            

46

 

Finance Bill, continued

 
 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  203

 

Schedule  35,  page  280,  line  39,  leave out sub-paragraph (2).

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Withdrawn  228

 

Schedule  35,  page  283,  line  15,  leave out paragraphs 7 to 13 and insert—

 

‘Protected pension input amounts

 

6A  (1)  

A protected pension input amount in relation to an individual is any amount of

 

regular contributions exceeding the special annual allowance, having been

 

paid immediately prior to 22 April 2009 or where an application to pay regular

 

contributions was received by the scheme administrator prior to noon on 22

 

April 2009.

 

      (2)  

Regular premiums are—

 

(a)    

quarterly or more frequent contributions in which case the protected

 

pension input amount is the highest amount of regular premium paid

 

in the tax-year immediately preceding the current tax-year multiplied

 

by the frequency of contributions, or

 

(b)    

annual or recurring single contributions in which case the protected

 

pension input amount is the total contributions paid to the scheme or

 

arrangement over the three tax-years immediately preceding the

 

current tax-year dividend by three.

 

      (3)  

In the case of a defined benefit scheme, the pension input value of further

 

accruals for tax-years 2009-10 and 2010-11 is protected as long as there is no

 

material change to the scheme that results in the rate of benefit accrual

 

increasing.’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  182

 

Schedule  35,  page  283,  line  40,  after ‘paid’, insert ‘under this sub-paragraph or

 

under sub-paragraph (3A)’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  190

 

Schedule  35,  page  284,  line  3,  leave out ‘a quarterly’ and insert ‘an annual’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  183

 

Schedule  35,  page  284,  line  11,  at end insert—

 

  ‘(3A)  

To the extent such amount exceeds that referred to in paragraph 8(3), relevant

 

added years contributions also include contributions paid—


 
 

Public Bill Committee Proceedings: 18 June 2009            

47

 

Finance Bill, continued

 
 

(a)    

with a view to securing that the calculation of benefits under the

 

arrangement is by reference to a period of service in excess of

 

pensionable service by the individual; and

 

(b)    

which do not exceed the average amount of contributions made by the

 

individual in each of the three tax years ending 5 April 2009 (or if the

 

individual has not been a member of the pension scheme for those tax

 

years, the contributions made, in a case where he has been a member

 

for only one complete tax year, during that tax year, and the average

 

contributions, if he has been a member of this scheme for two

 

complete tax years, for those two tax years) or if provided that if in any

 

of those years the contribution exceeded the amount of the annual

 

allowance for that tax year (see section 228 of FA 2004) such

 

contribution shall be taken to be an amount equal to the annual

 

allowance for that tax year.’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  184

 

Schedule  35,  page  284,  line  41,  after ‘paid’, insert ‘under this sub-paragraph or

 

under sub-paragraph (3A)’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  191

 

Schedule  35,  page  284,  line  46,  leave out ‘a quarterly’ and insert ‘an annual’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  185

 

Schedule  35,  page  285,  line  6,  at end insert—

 

  ‘(3A)  

To the extent such amount exceeds that referred to in paragraph 9(3), relevant

 

added years contributions also include contributions paid—

 

(a)    

with a view to securing that the calculation of benefits under the

 

arrangement is by reference to a period of service in excess of

 

pensionable service by the individual; and

 

(b)    

which do not exceed the average amount of contributions made by the

 

individual in each of the three tax years ending 5 April 2009 (or if the

 

individual has not been a member of the pension scheme for those tax

 

years, the contributions made, in a case where he has been a member

 

for only one complete tax year, during that tax year, and the average

 

contributions, if he has been a member of this scheme for two

 

complete tax years, for those two tax years) or if provided that if in any

 

of those years the contribution exceeded the amount of the annual

 

allowance for that tax year (see section 228 of FA 2004) such

 

contribution shall be taken to be an amount equal to the annual

 

allowance for that tax year.’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  186

 

Schedule  35,  page  285,  line  39,  after ‘paid’, insert ‘under this sub-paragraph or


 
 

Public Bill Committee Proceedings: 18 June 2009            

48

 

Finance Bill, continued

 
 

under sub-paragraph (3A)’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  192

 

Schedule  35,  page  285,  line  44,  leave out ‘a quarterly’ and insert ‘an annual’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  187

 

Schedule  35,  page  286,  line  4,  at end insert—

 

  ‘(3A)  

To the extent such amount exceeds that referred to in paragraph 10(3) or 10(5),

 

relevant added years contributions also include contributions paid—

 

(a)    

with a view to securing that the calculation of benefits under the

 

arrangement is by reference to a period of service in excess of

 

pensionable service by the individual; and

 

(b)    

which do not exceed the average amount of contributions made by the

 

individual in each of the three tax years ending 5 April 2009 (or if the

 

individual has not been a member of the pension scheme for those tax

 

years, the contributions made, in a case where he has been a member

 

for only one complete tax year, during that tax year, and the average

 

contributions, if he has been a member of this scheme for two

 

complete tax years, for those two tax years) or if provided that if in any

 

of those years the contribution exceeded the amount of the annual

 

allowance for that tax year (see section 228 of FA 2004) such

 

contribution shall be taken to be an amount equal to the annual

 

allowance for that tax year.’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  193

 

Schedule  35,  page  286,  line  13,  leave out ‘a quarterly’ and insert ‘an annual’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  194

 

Schedule  35,  page  286,  line  37,  leave out ‘a quarterly’ and insert ‘an annual’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  188

 

Schedule  35,  page  286,  line  42,  at end insert—

 

  ‘(2A)  

To the extent such amount exceeds that referred to in paragraph 11(2) the

 

amount arrived at under paragraph 3(2) in relation to the arrangement is a

 

protected pension input amount to the extent that it is attributable to

 

contributions paid which do not exceed the average amount of contributions

 

made by the individual in each of the three tax years ending 5 April 2009 (or

 

if the individual has not been a member of the pension scheme for those tax

 

years, the contributions made, in a case where he has been a member for only

 

one complete tax year, during that tax year, and the average contributions, if


 
 

Public Bill Committee Proceedings: 18 June 2009            

49

 

Finance Bill, continued

 
 

he has been a member of this scheme for two complete tax years, for those two

 

tax years) provided that if in any of those years the contribution exceeded the

 

amount of the annual allowance for that tax year (see section 228 of FA 2004)

 

such contribution shall be taken to be an amount equal to the annual allowance

 

for that year.’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not selected  189

 

Schedule  35,  page  286,  line  44,  leave out first ‘the’ and insert ‘a’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  195

 

Schedule  35,  page  289,  line  20,  leave out ‘a quarterly’ and insert ‘an annual’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  197

 

Schedule  35,  page  290,  line  3,  leave out from ‘contributions’ to end of line and

 

insert ‘which—

 

(a)    

are paid on a quarterly or more frequent basis pursuant to an agreement

 

for the payment of such contributions, or

 

(b)    

if paid less frequently than quarterly, half of the sum of the two highest

 

contributions made in the periods 6 April to 21 April in each of the tax

 

years 2006-07, 200-08 and 2008-09 and for these purposes if only one

 

such contribution has been made in those three periods, half of that

 

amount.’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  196

 

Schedule  35,  page  290,  line  3,  leave out ‘a quarterly’ and insert ‘an annual’.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not moved  205

 

Schedule  35,  page  290,  line  21,  leave out paragraph 18.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  204

 

Schedule  35,  page  291,  line  7,  at end insert ‘but this Schedule shall not apply where

 

the individual concerned is aged 50 or over at some time in the tax years 2009-10 and

 

2010-11.’.

 

Schedule Agreed to.

 

Clauses 72 to 75 Agreed to.


 
 

Public Bill Committee Proceedings: 18 June 2009            

50

 

Finance Bill, continued

 
 

Schedule 36 Agreed to.

 

Clauses 76 and 77 Agreed to.

 


 

Mr Mark Todd

 

Withdrawn  181

 

Clause  78,  page  39,  line  37,  leave out ‘rate’ and insert ‘amount’.

 

Clause Agreed to.

 

Clause 79 and 80 Agreed to.

 


 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Withdrawn  260

 

Clause  81,  page  42,  leave out lines 22 to 25.

 

Mr Mark Hoban

 

Mr David Gauke

 

Mr Greg Hands

 

Not called  261

 

Clause  81,  page  43,  leave out lines 8 to 11.

 

Clause Agreed to.

 

Clause 82 Agreed to.

 

Schedule 37 Agreed to.

 

Clause 83 Agreed to.

 

Schedule 38 Agreed to.

 

Clause 84 Agreed to.

 

Schedule 39 Agreed to.

 

Clause 85 Agreed to.

 


 

Mr Stephen Timms

 

Agreed to  229

 

Schedule  40,  page  315,  line  8,  leave out ‘only’ and insert ‘consideration’.


 
 

Public Bill Committee Proceedings: 18 June 2009            

51

 

Finance Bill, continued

 
 

Mr Stephen Timms

 

Agreed to  230

 

Schedule  40,  page  315,  line  8,  leave out ‘and C’ and insert ‘C and D’.

 

Mr Stephen Timms

 

Agreed to  231

 

Schedule  40,  page  315,  line  11,  leave out ‘and D’ and insert ‘, C and E’.

 

Mr Stephen Timms

 

Agreed to  232

 

Schedule  40,  page  315,  line  12,  leave out ‘a UK licence that relates to a developed

 

area (“licence A”)’ and insert ‘one or more UK licences’.

 

Mr Stephen Timms

 

Agreed to  233

 

Schedule  40,  page  315,  line  14,  after ‘length’ insert ‘(“disposal A”)’.

 

Mr Stephen Timms

 

Agreed to  234

 

Schedule  40,  page  315,  line  15,  leave out ‘another UK licence that relates to a

 

developed area (“licence B”)’ and insert ‘one or more UK licences’.

 

Mr Stephen Timms

 

Agreed to  235

 

Schedule  40,  page  315,  line  17,  after ‘length’ insert ‘(“disposal B”)’.

 

Mr Stephen Timms

 

Agreed to  236

 

Schedule  40,  page  315,  line  17,  at end insert—

 

‘(4A)    

Condition C is that either or both of the following paragraphs

 

applies—

 

(a)    

the licence, or at least one of the licences, comprised in

 

disposal A relates to a developed area;

 

(b)    

the licence, or at least one of the licences, comprised in

 

disposal B relates to a developed area.’.

 

Mr Stephen Timms

 

Agreed to  237

 

Schedule  40,  page  315,  line  18,  leave out from ‘Condition’ to end of line 29 and

 

insert “D is that both—

 

(a)    

disposal A is the only consideration given for disposal B, and

 

(b)    

disposal B is the only consideration given for disposal A.

 

(6)    

Condition E is that either—

 

(a)    

disposal A is the only consideration given for disposal B, or

 

(b)    

disposal B is the only consideration given for disposal A,

 

    

(and accordingly one of the disposals is part of the consideration given

 

for the other disposal).’

 

Mr Stephen Timms

 

Agreed to  238

 

Schedule  40,  page  315,  line  35,  leave out ‘only’ and insert ‘consideration’.


 
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