Session 2010 - 12
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Other Bills before Parliament

Public Bill Committee: 19 May 2011

123

Finance (No. 3) continued

(b)	(apart from this paragraph) the effect of subsection (4) of that section

would be that a relevant losses amount falling within paragraph

33(1)(a) would be ignored for the purposes of section 18J(2) of that

Act.

(2)	There is to be added to the adjusted foreign permanent establishments amount

in relation to the accounting period of the transferee in which the transfer took

place a negative amount equal to that relevant losses amount.’.

David Gauke

129

Schedule  17,  page  277,  line  23,  leave out from ‘adjustment’ to end of line 25 and

insert ‘is reflected in the closing amount the amount of the adjustment is to be added to

the closing amount.

(8D)	But no amount is to be added under subsection (8C) by reason of an adjustment

made in consequence of the scheme administrator satisfying a liability under

section 237B in a case where subsection (6) of that section applied.”’.

David Gauke

130

Schedule  17,  page  280,  line  2,  after ‘reduction’ insert ‘(to the extent that it is not

reflected in an amount added under subsection (8A))’.

David Gauke

131

Schedule  17,  page  280,  line  16,  leave out from ‘event 2,’ to end of line 17 and insert

‘the annual rate of the pension to which the individual became entitled,’.

David Gauke

132

Schedule  17,  page  280,  line  27,  leave out from ‘adjustment’ to end of line 28 and

insert ‘is reflected in PE or LSE the amount of the adjustment is to be added to PE or LSE.

(8D)	But no amount is to be added under subsection (8C) by reason of an adjustment

made in consequence of the scheme administrator satisfying a liability under

section 237B in a case where subsection (6) of that section applied.”’.

David Gauke

133

Schedule  17,  page  285,  line  3,  leave out ‘the day before’.

NEW CLAUSES

Private finance initiative income

Caroline Lucas

NC1

To move the following Clause:—

Public Bill Committee: 19 May 2011

124

Finance (No. 3) continued

‘The Treasury shall, within six months of the passing of this Act, report to

Parliament its assessment of the amount of tax revenue forgone by companies

receiving payments under Private Finance Initiative contracts being based outside

the United Kingdom.’.

VAT and charitable healthcare providers

Nic Dakin

NC2

To move the following Clause:—

‘The Treasury shall, within one year of the passing of this Act, lay a report before

Parliament on the treatment for Value Added Tax of supplies by charities to

bodies exercising functions on behalf of a Minister of the Crown of healthcare or

welfare services or associated goods’.

Review of the bank levy

Stella Creasy

David Miliband

Mrs Jenny Chapman

Steve Rotheram

Mr Graham Allen

Alex Cunningham

Sheila Gilmore

Lilian Greenwood

Ian Lavery

John Cryer

Teresa Pearce

Paul Blomfield

Nic Dakin

Ian Mearns

Mr Tom Harris

Dame Anne Begg

NC3

To move the following Clause:—

‘(1)	The Government shall lay before Parliament a review of the bank levy which will

consider whether the levy should be applied to groups judged by the Financial

Services Authority (or its successor body) to have engaged in high cost credit

lending which is detrimental to consumers. This review shall consider the

following matters—

(a)	the impact such an application could have on the provision of high cost

credit to consumers;

(b)	the timetable for imposition of the banking levy to prevent further

consumer detriment in the provision of high cost credit;

(c)	the consequences of a failure by Government to intervene in the high cost

credit market for UK consumers; and

(d)	at what level the levy should be set at for such bodies so as to discourage

lending in a manner which is detrimental to consumers.’.

Public Bill Committee: 19 May 2011

125

Finance (No. 3) continued

Order of the House [26 April 2011]

That—

1.	Clauses 4, 7, 10, 19, 35 and 72 be committed to a Committee of the whole

House.

2.	The remainder of the Bill be committed to a Public Bill Committee.

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.

© Parliamentary copyright	Revised 19 May 2011