Consideration of Bill: 8 July 2009

1138

Finance Bill, continued

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

27

Page  298,  line  25  [Schedule  35],  at end insert—

‘(3A)

Where contributions are not paid in accordance with subsection 3(c) above, the

protected pension input amount is the lower of £50,000 or the average of

contributions made over the last three years.’.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

28

Page  299,  line  15  [Schedule  35],  at end insert—

‘(2A)

Where contributions are not paid in accordance with subsection 2(b) above, the

protected pension input amount is the lower of £50,000 or the average of

contributions made over the last three years.’.

Mr Chancellor of the Exchequer

49

Page  302,  line  41  [Schedule  35],  at end insert—

‘Increased special annual allowance

16A(1)

This paragraph has effect where the mean of the infrequent money purchase

contributions amount for the tax years 2006-07, 2007-08 and 2008-09 (“the

relevant mean”) exceeds £20,000.

(2)	Where the relevant mean is less than £30,000, this Schedule has effect as if the

references in paragraph 1(4) and (5) to £20,000 were instead to the relevant

mean.

(3)	Where the relevant mean is £30,000 or more, this Schedule has effect as if

those references were instead to £30,000.

(4)	The “infrequent money purchase contributions amount” for a tax year is the

aggregate of any relevant contributions paid in the tax year—

(a)	under money purchase arrangements, other than cash balance

arrangements, under registered pension schemes, and

(b)	less frequently than on a quarterly basis;

(and so is nil if no such contributions were so paid).

(5)	But if the infrequent money purchase contributions amount for a tax year

would otherwise be greater than the annual allowance for the tax year, it is to

be taken to be the annual allowance for the tax year.

(6)	“Relevant contributions” means contributions which are—

(a)	relievable pension contributions by or on behalf of the individual, or

Consideration of Bill: 8 July 2009

1139

Finance Bill, continued

(b)	contributions paid by an employer of the individual in respect of the

individual.’.

Mr Chancellor of the Exchequer

50

Page  303,  line  18  [Schedule  35],  leave out ‘are members of’ and insert—

‘(a)	are or have been members of currently-relieved non-UK pension

schemes, or

(b)	have been members of overseas pension schemes that were not’.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

33

Page  353,  line  21  [Schedule  46],  at end insert—

‘Annual report by Commissioners

2A	The Commissioners must, at least once a year, make a report on—

(a)	compliance by companies with paragraph 1 (1), and

(b)	the amount of additional tax collected as a consequence.

2B	The first report should be made not later than 18 months after the date on which

this Act is passed.’.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

7

Page  366,  line  43  [Schedule  48],  leave out from ‘tax’ to end of line 1 on page 367.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

8

Page  368,  line  14  [Schedule  48],  leave out ‘Paragraphs (c) and (d) of sub-paragraph

2A do’ and insert ‘Paragraph (c) of sub-paragraph 2A does’.

Consideration of Bill: 8 July 2009

1140

Finance Bill, continued

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

9

Page  382,  line  41  [Schedule  51],  after ‘a’, insert ‘deliberate’.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

10

Page  384,  line  11  [Schedule  51],  after ‘a’, insert ‘deliberate’.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

11

Page  392  [Schedule  52],  leave out line 7.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

12

Page  392  [Schedule  52],  leave out lines 10 to 16.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

13

Page  392,  line  46  [Schedule  52],  leave out sub-paragraph (7).

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

19

Page  410,  line  34  [Schedule  54],  leave out from first ‘is’ to end of line 35 and insert

‘the end of the accounting period in which the loss is incurred’.

Consideration of Bill: 8 July 2009

1141

Finance Bill, continued

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

20

Page  419,  line  21  [Schedule  55],  at end insert—

‘(3A)

The aggregate penalties against partners of a partnership under this paragraph

may not exceed the amount that could have been assessed on one partner.’.

Mr Mark Hoban

Mr David Gauke

Mr Greg Hands

21

Page  423,  line  14  [Schedule  56],  leave out ‘by’.

Mr Chancellor of the Exchequer

51

Page  425,  line  1  [Schedule  56],  leave out from beginning to ‘P’ in line 2.

Mr Chancellor of the Exchequer

52

Page  425,  line  4  [Schedule  56],  leave out ‘whether before or after that date,’.

Mr Chancellor of the Exchequer

53

Page  425,  line  6  [Schedule  56],  leave out ‘during’ and insert ‘between the date on

which P makes the request and the end of’.

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

whole House;

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.

---

Revised 8 July 2009