|
|
| |
| |
|
| | “(aa) | has reached that age and is studying full-time for a higher |
|
| | education qualification in medicine, veterinary science or |
|
| | architecture or such other vocational courses as the Treasury |
|
| | may prescribe by regulations, or”’. |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| | |
| |
| |
| | |
| |
| |
| | |
| |
| | |
| Page 1, line 8 [Clause 1], at end insert— |
|
| | ‘(3) | This section is subject to section [Implementation of section 1].’. |
|
| |
| |
| |
| |
| |
| | |
| Page 2, line 10 [Clause 3], leave out ‘£6,475’ and insert ‘£10,000’. |
|
| |
| |
| |
| |
| | |
|
| Page 3, line 7 [Clause 6], at end insert— |
|
| | ‘(3A) | At the end of section 646(8) of ITTOIA 2005 (adjustments between settlor and |
|
| | |
| | “(9) | A settlor of a settlement in respect of which he is liable to pay income tax |
|
| | under section 624 or 629 is entitled to receive credit for any income tax |
|
| | paid by the trustees of such a settlement in calculating his income tax |
|
| | liability and to be repaid any excess of that credit over that liability. |
|
| | (10) | A settlor who receives a credit under subsection (9) above is to that extent |
|
| | not entitled to recover any tax from the trustees under subsection (1) |
|
| | |
|
|
| |
| |
|
| | (3B) | The amendment made by subsection (3A) shall be deemed to have effect from 6 |
|
| | |
| |
| |
| |
| |
| | |
| Page 3, line 31 [Clause 8], at end insert— |
|
| | ‘(2A) | At the end of subsection 13(3) of ICTA 1988 (small companies’ relief), insert— |
|
| | “(3A) | Where in any accounting period the profits of a company do not exceed |
|
| | 1/12 of the lower relevant maximum amount, the company may claim a |
|
| | further reduction (to be known as the “very small companies’ relief”) on |
|
| | the amount of corporation tax payable under this section. |
|
| | (3B) | The Chancellor of the Exchequer shall, by regulations and within three |
|
| | months of Royal Assent, prescribe the level of the very small companies’ |
|
| | |
| | (3C) | Regulations made under subsection (3B) may not be made unless a draft |
|
| | of the statutory instrument containing the regulations has been laid |
|
| | before, and approved by a resolution of, each House of parliament.”’. |
|
| |
| |
| |
| |
| |
| | |
| Page 4, line 34 [Clause 11], at end insert— |
|
| | ‘(3A) | After subsection (1A) insert— |
|
| | “(1AB) | The rate under section 36 (1AA)(a) shall be reduced by 2 per cent. for the |
|
| | tax year 2010-11 and by a further 2 per cent. for each subsequent tax |
|
| | |
| |
| |
| |
| |
| |
| | |
| Page 11, line 32 [Clause 17], at end insert— |
|
| | ‘(4) | The Treasury shall, no later than the date of the Pre-Budget Report 2009, bring |
|
| | forward plans to replace Air Passenger Duty with a per-plane tax.’. |
|
| |
|
|
| |
| |
|
| |
| |
| |
| | |
| Page 12, line 15 [Clause 20], leave out subsection (2). |
|
| |
| |
| | |
|
| Page 12, line 16 [Clause 20], leave out ‘for “15” substitute “22”’ and insert ‘after |
|
| “of”, insert “no more than”’. |
|
| |
| | |
| Page 12, line 16 [Clause 20], leave out ‘22’ and insert ‘16’. |
|
| |
| | |
| Page 12, line 16 [Clause 20], leave out ‘22’ and insert ‘17’. |
|
| |
| |
| | |
| Page 12, line 20 [Clause 20], leave out ‘27 April 2009’ and insert ‘1 April 2010’. |
|
| |
| | |
| Page 12, line 20 [Clause 20], leave out ‘27 April 2009’ and insert ‘1 April 2011’. |
|
| |
| |
| |
| |
| | |
| Page 15, line 40 [Clause 25], leave out from ‘unless’ to end of line 9 on page 16 |
|
| and insert ‘they have been made in accordance with section 257 of the Banking Act 2009’. |
|
| |
| Mr Chancellor of the Exchequer |
|
| | |
|
| Page 28, line 16 [Clause 59], after ‘made’, insert ‘by a tax authority’. |
|
| |
|
|
| |
| |
|
| Mr Chancellor of the Exchequer |
|
| | |
|
| Page 29, line 6 [Clause 59], after ‘made’, insert ‘by a tax authority’. |
|
| |
| |
| | |
| Page 46, line 10 [Clause 91], at end insert— |
|
| | ‘( ) | In particular, the Charter must include policies in relation to prosecution and |
|
| | alternatives to prosecution, and the circumstances in which monies collected but |
|
| | legally returnable to any person may be retained pending futher investigation.’. |
|
| |
| |
| |
| | |
| Page 46, line 20 [Clause 91], at end insert— |
|
| | ‘(3) | The Charter prepared under section 16A (1) of CRCA 2005 shall not come into |
|
| | effect until it has been approved by a resolution of the House of Commons.’. |
|
| Mr Chancellor of the Exchequer |
|
| | |
|
| Page 46, line 23 [Clause 92], leave out ‘large’ and insert ‘qualifying’. |
|
| |
| |
| |
| | |
| Page 46, line 26 [Clause 92], at end insert— |
|
| | ‘(3) | That Schedule will cease to have effect on the fourth anniversary of the day on |
|
| | which this Act is passed.’. |
|
| |
| |
| |
| |
| | |
| Page 51, line 23 [Clause 101], at end insert— |
|
| | ‘(7A) | Repayment interest is not taxable.’. |
|
| |
| Mr Chancellor of the Exchequer |
|
| | |
|
| Page 55, line 1 [Clause 107], leave out from beginning to ‘P’ in line 2. |
|
|
|
| |
| |
|
| Mr Chancellor of the Exchequer |
|
| | |
|
| Page 55, line 4 [Clause 107], leave out ‘whether before or after that date,’. |
|
| Mr Chancellor of the Exchequer |
|
| | |
|
| Page 55, line 10 [Clause 107], leave out ‘during’ and insert ‘between the date on |
|
| which P makes the request and the end of’. |
|
| |
| |
| |
| | |
| Page 202, line 19 [Schedule 17], at end insert ‘or part of a transaction of a value |
|
| |
| |
| |
| |
| | |
| Page 203 [Schedule 17], leave out line 10. |
|
| |
| |
| |
| |
| | |
| Page 289, line 23 [Schedule 34], at end insert— |
|
| | |
| | 3A (1) | Section 107 (conditions for tax-exempt business) is amended as follows. |
|
| | (2) | In subsection (8) omit “(a) by way of dividend, and (b)”. |
|
| | (3) | After subsection (8) insert— |
|
| | “(8A) | In this Part and for the purposes of section 973 of ITA 2007, a |
|
| | distribution of the profits of the property rental business shall |
|
| | |
| | (a) | an amount distributed by way of dividend, and |
|
| | (b) | an issue of shares to which section 249 (1)(a) of ICTA applies |
|
| | | and in case a falling within (b). the amount of the distribution shall be |
|
| | the cash equivalent of share capital determined in accordance with |
|
| | section 412 of ITTOIA 2005, but otherwise Chapter 5 of Part 4 of |
|
| | ITTOIA 2005 shall not apply.”. |
|
| | 3B (1) | Paragraph 6 of Schedule 17 is amended as follows. |
|
| | (2) | In paragraph 6 (4), delete “by way of dividend and (c)”. |
|
| | (3) | After paragraph 6 (4) insert— |
|
|