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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

 

Parliamentary Star    

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

 

Parliamentary Star    

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

 

Parliamentary Star    

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

 

Parliamentary Star    

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

 

Parliamentary Star    

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.

 


 
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