1065

House of Commons

Notices of Amendments

given on

Wednesday 1 July 2009

For other Amendment(s) see the following page(s) of Supplement to Votes:

903, 1003 and 1053

Consideration of Bill

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Finance Bill, As Amended

Anti-avoidance principle

Dr John Pugh

Mr Jeremy Browne

Nc2

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 established 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 have been included for the sole,

principal, main or explicit purpose of securing a reduction in that liability to

taxation, duty 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 term 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.’.

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Revised 2 July 2009