Finance Bill

Public Bill Committees

• Finance Bill, 1st sitting (0 speeches)
  • Morning (0 speeches)
    [Sir Nicholas Winterton in the Chair]
  • (Except clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and schedules 5, 6, 19 and 25, and any new clauses and schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (13 speeches)
    I welcome right hon. and hon. Members to the first sitting of the Finance Bill 2003. I am a tough Chairman and this will be an ordered, constructive and positive Committee. I hope that ways will...
  • Clause 2 - Rate of duty on beer (16 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 3 - Rates of duty on wine and made-wine (13 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 6 - General betting duty and pool betting duty: relief for losses (12 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 7 - General betting duty: betting exchanges (29 speeches)
    I beg to move amendment No. 126, in clause 7, page 5, line 4, after 'one person' insert '(''the bettor'')'.
• Finance Bill, 2nd sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (Except clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and schedules 5, 6, 19 and 25, and any new clauses and schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) - Clause 7 - General betting duty: betting exchanges (17 speeches)
    Amendment proposed [this day]: No. 126, in clause 7, page 5, line 4, after 'one person' insert '(''the bettor'')'.—[Mr. George Howarth.] Question again proposed, That the amendment be made.
  • Clause 8 - General betting duty: restriction of exemption for on-course bets (13 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 10 - Amusement machines not operated by coins or tokens (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 11 - Amusement machines: use of currencies other than sterling (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 16 - Duty at higher rate: exception for tractive units (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 17 - Requirement of evidence or security (47 speeches)
    I beg to move amendment No. 84, in clause 17, page 15, line 28, leave out subsections (4) and (5).
  • Clause 18 - Joint and several liability of traders in supply chain where tax unpaid (40 speeches)
    I beg to move amendment No. 86, in clause 18, page 16, line 36, after 'payable', insert 'by the supplier'.
• Finance Bill, 3rd sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (5 speeches)
    I welcome all members of the Committee to this sitting. Goodish progress is being made, and I hope that that will be continued. The friendly environment that exists across the Committee is to be...
  • Clause 19 - Face-value vouchers (22 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 1 - VAT: Face-value vouchers (4 speeches)
    I beg to move amendment No. 89, in schedule 1, page 142, line 7, at end insert— '(6) Where— (a) a person who is not its issuer makes a supply of a facevalue voucher, (b) that...
  • Clause 20 - Supplies arising from prior grant of fee simple (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 21 - Business gifts (7 speeches)
    This is a small and simple measure, but it will be none the less welcome to many businesses and to members of the Committee. The Committee will know that firms from across the country routinely...
  • Clause 23 - Supply of electronic services in member States: special accounting scheme (9 speeches)
    The question is that clause 23 stand part of the Bill. Mr. O'Brien rose—
  • Schedule 2 - Supply of electronic services in member States: VAT special accounting scheme (3 speeches)
    Question proposed, That this schedule be the Second schedule to the Bill.
  • Clause 24 - Introductory (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 25 - Penalty for evasion (6 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 26 - Penalty for contravention of relevant rule (13 speeches)
    I beg to move amendment No. 125, in clause 26, page 22, line 3, leave out subsection (3) The amendment is linked to clause 25, which introduces civil penalties for evasion of import and export...
  • Clause 28 - Exceptions from section 26 (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 29 - Reduction of penalty under section 25 or 26 (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 30 - Demands for penalties (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 31 - Time limits for demands for penalties (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 33 - Right to review of certain decisions (3 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 4th sitting, part 1 (0 speeches)
  • [Part I] (0 speeches)
    [Sir Nicholas Winterton in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (1 speech)
    If hon. Members want to take jackets or cardigans off, they are free to do so, as I indicated earlier.Clause 34 Time limit and right to further review
  • Clause 34 - Time limit and right to further review (7 speeches)
    I beg to move amendment No. 123, in clause 34, page 26, line 23, leave out 'given' and insert 'issued by the taxpayer'.
  • Clause 35 - Powers of Commissioners on a review (22 speeches)
    I beg to move amendment No. 131, in clause 35, page 27, line 13, leave out 'confirmed the decision' and insert 'varied the decision as requested by the applicant'.
  • Clause 37 - Appeal Tribunals (2 speeches)
    I beg to move amendment No. 158, in clause 37, page 28, line 4, leave out '35' and insert '36'. Clause 37 provides for appeals against decisions by Customs and Excise to be settled by agreement....
  • Clause 38 - Admissibility of certain (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 41 - Regulations and orders (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 147 - Meaning of ''permanent establishment'' (25 speeches)
    I beg to move amendment No. 99, in clause 147, page 85, line 29, leave out 'business of the company' and insert 'company's trade'.
  • Clause 149 - Non-resident companies: assessment, (9 speeches)
    I beg to move amendment No. 95, in clause 149, page 89, line 15, at end insert— '(3A) Where the UK representative of a non-resident company is a person separate from that company it shall...
  • Clause 150 - Non-resident companies: extent (3 speeches)
    I beg to move amendment No. 97, in clause 150, page 90, leave out lines 5 to 7. This is a probing amendment relating to non-resident companies and the extent of charge to income tax. The clause...
  • Clause 151 - Non-resident companies: transactions (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 26 - Non-resident companies: transactions (13 speeches)
    I beg to move amendment No. 92A, in schedule 26, page 344, leave out lines 36 to 38 and insert— '(c) either— (i) the remuneration he receives in respect of the transaction for the...
  • Clause 152 - General replacement of refrences to (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 153 - Double taxation relief: profits attributable (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 155 - Overseas life insurance companies (9 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 163 - Avoidance affecting proceeds (12 speeches)
    I beg to move amendment No. 9, in clause 163, page 106, line 9, at beginning insert 'or would' after the bracket.
• Finance Bill, 4th sitting, part 2 (0 speeches)
  • [Part II] (0 speeches)
    [Sir Nicholas Winterton in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (4 speeches)
    [Continuation from column 164] On Resuming—
  • Clause 164 - Extension of first-year allowances for ICT expenditure by small companies (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 165 - Expenditure on software for sub-licensing (4 speeches)
    Question proposed, That the clause stand part of the Bill.  
  • Clause 166 - First-year allowances for expenditure on environmentally beneficial plant or machinery (7 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 30 - First-year allowances for expenditure on environmentally beneficial plant or machinery (25 speeches)
    I beg to move amendment No. 135, in schedule 30, page 360, leave out lines 26 to 28 and insert— '(5) Where this section applies, the expenditure is apportioned under section 562(3)...
  • Clause 167 - Relief for research and development (19 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 31 - Tax relief for expenditure on research and development (7 speeches)
    I beg to move amendment No. 136, in schedule 31, page 362, leave out lines 32 and 33 and insert - '(3) Omit paragraph (a) (person spending less than 20% of total working time on relevant...
  • Schedule 32 - Tonnage tax: restrictions on capital allowances for lessors of ships (6 speeches)
    Question proposed, That this schedule be the Thirty-Second schedule to the Bill.
  • Clause 169 - Insurance companies (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 33 - Insurance companies (50 speeches)
    I beg to move amendment No. 142, in schedule 33, page 376, line 8, after '(d)', insert 'subject to subsection (2E),'.
• Finance Bill, 5th sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (1 speech)
    May I welcome all members of the Committee to the penultimate sitting before we have a short break? I regret that I will not be in the Chair this afternoon, so I wish everyone, particularly those...
  • Clause 170 - Policies of life insurance etc: miscellaneous amendments (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 34 - Policies of life insurance etc: miscellaneous amendments (19 speeches)
    I beg to move amendment No. 140, in schedule 34, page 398, line 17, leave out from beginning to end of line 21 and insert— '(a) one or more individuals and/or charities beneficially...
  • Clause 172 - Gains on policies of life insurance etc: rate of tax (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 35 - Gains on policies of life insurance, etc: rate of tax (3 speeches)
    I beg to move amendment No. 153, in schedule 35, page 405, line 10, at end add— 'Transitional relief 6. (1) Where a person to whom a gain in respect of a policy is treated as accruing...
  • Clause 173 - Personal pension arrangements: limit on contributions (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 21 - Approved share plans and schemes (75 speeches)
    I beg to move amendment No. 13, in schedule 21, page 246, line 4, leave out from 'participants' to end of line 6 and insert 'identifying by name and national insurance number those participants...
• Finance Bill, 6th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or RÿD tax credits for oil exploration.) - Schedule 22 - Employee securities and options (155 speeches)
    Order. It is rather warm, so those hon. Members who have not already removed their jackets may do so. Ladies, as always, need not ask.
• Finance Bill, 7th sitting (0 speeches)
  [Mr. Roger Gale in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (4 speeches)
    Good morning, ladies and gentlemen. Welcome back from the break. I trust you are all refreshed. I have one housekeeping notice. While I am in the Chair, hon. Members may, if they wish to do so...
  • Clause 43 - Land transactions (69 speeches)
    I beg to move amendment No. 4, in clause 43, page 30, line 7, leave out from 'provision' to end. Welcome to the Chair, Mr. Gale, after our pleasant break, during which some of us felt like GCSE...
  • Clause 44 - Contract and conveyance (7 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 45 - Contract and conveyance: (22 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 8th sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (1 speech)
    I bid good afternoon to all members of the Committee. I give notice that, at the Government's request, there will be a meeting of the Programming Sub-Committee at whatever time is appropriate. It...
  • Clause 45 - Contract and conveyance: effect of transfer of rights (36 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
  • Clause 47 - Exchanges (24 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 48 - Chargeable interests (8 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 49 - Chargeable transactions (7 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 50 - Chargeable consideration (17 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 4 - Stamp duty land tax: chargeable consideration (29 speeches)
    I beg to move amendment No. 5, in schedule 4, page 155, line 38, leave out from beginning to end of line 3 on page 156. We move to the substance of schedule 4. The amendment would remove...
• Finance Bill, 9th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (4 speeches)
    I beg to move, That the Order of the Committee of 15th May 2003 shall be amended by the insertion at the end of paragraph (1) of the words ''and on Thursday 5th June when it shall meet only at...
  • Schedule 4 - Stamp duty land tax: chargeable consideration (28 speeches)
    Amendment proposed [3 June]: No. 6, [Mr. Prisk] in schedule 4, page 160, leave out lines 11 to 13. Question again proposed, That the amendment be made.
  • Clause 51 - Contingent, uncertain or unascertained consideration (45 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 52 - Annuities etc: chargeable consideration limited to twelve years' payments (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 53 - Demed market value where transaction involves connected company (8 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 54 - Exceptions from deemed market value rule (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 55 - Amount of tax chargeable: general (46 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 10th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (Except clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and schedules 5, 6, 19 and 25, and any new clauses and schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (3 speeches)
    I beg to move, That the Programming Order of 15 May, as amended by the Order of 5 June, be further amended by the substitution for the Table in paragraph (2) of the following Table:— ...
  • Clause 55 - Amount of tax chargeable: general (9 speeches)
    Question proposed [5 June], That the clause stand part of the Bill. Question again proposed.
  • Clause 58 - PART-EXCHANGE OF RESIDENTIAL PROPERTY (18 speeches)
    I beg to move amendment No. 199, in clause 58, page 38, line 11, leave out paragraph (a).
  • Clause 59 - Relocation relief (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 60 - Compulsory purchase facilitating development (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 61 - Compliance with planning obligations (10 speeches)
    I beg to move amendment No. 278, in clause 61, page 42, line 11, at end insert— 'Local Health Boards established under section 16BA of the NHS Act.'.
  • Schedule 7 - Stamp duty land tax: group relief and reconstruction and acquisition reliefs (24 speeches)
    I beg to move amendment No. 192, in schedule 7, page 169, line 44, at end insert 'other than arrangements for an event falling within one of the cases set out in paragraph 4 below'. The...
  • Clause 63 - Demutualisation of insurance company (6 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 64 - Demutualisation of building society (3 speeches)
    Question proposed, that the clause stand part of the Bill.
  • Clause 65 - Incorporation of limited liability partnership (8 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 66 - Transfers involving public bodies (24 speeches)
    I beg to move amendment No. 286, in clause 66, page 45, line 3, leave out 'statute' and insert 'a statutory provision'.
  • Clause 67 - Transfer in consequence of reorganisation of parliamentary constituencies (16 speeches)
    I beg to move amendment No. 285, in clause 67, page 47, line 21, after 'constituencies', insert— '(ab) ''parliamentary constituency'' includes Assembly constituencies as defined in...
  • Schedule 8 - Stamp duty land tax: charities relief (12 speeches)
    I beg to move amendment No. 204, in schedule 8, page 179, line 40, leave out 'conditions are' and insert 'condition is'.
• Finance Bill, 11th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (Except Clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and Schedules 5, 6, 19 and 25, and any new Clauses and Schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) - Schedule 8 - Stamp duty land tax: charities relief (2 speeches)
    Amendment made: No. 257, in schedule 8, page 179, line 40, at end insert— 'Relief under this paragraph is referred to in this Part as ''charities relief''.'.—[Mr. Boateng.]
  • Clause 69 - Acquisition by bodies established for national purposes (20 speeches)
    I beg to move amendment No. 119, in clause 69, page 47, line 40, at end add— '(f) The National Museums and Galleries of Wales.'.
  • Schedule 9 - Stamp duty land tax: right to buy, shared ownership leases etc (9 speeches)
    I beg to move amendment No. 281, in schedule 9, page 181, line 21, at end insert— '(j) the National Assembly for Wales.'.
  • Clause 72 - Alternative property finance: land sold to financial institution and leased to individual (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 75 - Crofting community right to buy (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 76 - Duty to deliver land transaction return (10 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 10 - Stamp duty land tax: returns, enquiries, assessments and appeals (0 speeches)
    Amendments made: No. 258, in schedule 10, page 189, line 5, after 'so' insert '(''notice of enquiry'')'. No. 259, in schedule 10, page 193, line 28, leave out 'determine to the best of their...
  • Schedule 11 - Stamp duty land tax: self-certificates (0 speeches)
    Amendment made: No. 264, in schedule 11, page 202, line 35, after 'so', insert '(''notice of enquiry'')'.—[Mr. Boateng.] Schedule 11, as amended, agreed to. Clauses 80 to 89 ordered to...
  • Clause 90 - Application to defer payment in case of contingent or uncertain consideration (7 speeches)
    I beg to move amendment No. 193, in clause 90, page 58, line 26, leave out '18 months' and insert '6 months'. I feel almost giddy after racing through all those clauses. It seemed that someone...
  • Clause 93 - Information powers (15 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 13 - Stamp duty land tax: information powers (9 speeches)
    I beg to move amendment No. 184, in schedule 13, page 215, line 38, leave out subparagraph (2).
  • Clause 94 - Power to inspect premises (23 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 96 - Penalty for assisting in preparation of incorrect return etc (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 98 - Admissibility of evidence not affected by offer of settlement etc (0 speeches)
    Amendment made: No. 267, in clause 98, page 61, line 13, leave out ''freely and fully''.—[Mr. Boateng.] Clause 98, as amended, ordered to stand part of the Bill. Clause 99 ordered to...
  • Clause 104 - Partnerships (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 122 - Index of defined expressions (0 speeches)
    Amendments made: No. 268, in clause 122, page 72, line 35, at end insert— 'acquisition relief Schedule 7, paragraph 8(1)' No. 269, in clause 122, page 72, line 41, at end...
  • Clause 125 - Abolition of stamp duty except on instruments relating to stock or marketable securities (5 speeches)
    I beg to move amendment No. 63, in clause 125, page 74, line 31, at end add 'or transactions excluded from stamp duty land tax by Part 3 of Schedule 15 to this Act'.
  • Schedule 20 - Stamp duty: restriction to instruments relating to stock or marketable securities (6 speeches)
    I beg to move amendment No. 67, in schedule 20, page 244, line 4, at end add— 'Clearance procedure 2A(1) The following provisions shall have effect where in pursuance of this Part of...
  • Clause 126 - Circumstances in which group relief withdraw (8 speeches)
    I beg to move amendment No. 68, in clause 126, page 75, line 22, leave out subsection (2).
• Finance Bill, 12th sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and schedules 5, 6, 19 and 25, and any new clauses and schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (1 speech)
    It is five minutes to the hour of nine on Thursday. I welcome all Committee members to this sitting. I am sure that the Committee will continue to make excellent progress. I keep very close tabs...
  • Clause 136 - Exemption where homeworker's additional expenses met by employer (7 speeches)
    I beg to move amendment No. 251, in clause 136, page 81, line 7, at end insert— '(2A) A payment equivalent to a weekly amount not exceeding twice the amount of the national minimum wage...
  • Clause 137 - Taxable benefits: lower threshold for cars with a CO2 emissions figure (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 140 - Corporation tax relief for employee share acquisitions (7 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 23 - Corporation tax relief for employee share acquisition (40 speeches)
    I beg to move amendment No. 213, in schedule 23, page 323, line 34, after 'company', insert 'or another group company'.
• Finance Bill, 13th sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and schedules 5, 6, 19 and 25, and any new clauses and schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (2 speeches)
    I beg to move, That the Order of the Committee of 15th May 2003, as amended by the Orders of 5th June 2003 and 10th June 2003, shall be further amended by leaving out in the second column of the...
  • Schedule 23 - Corporation tax relief for employee share acquisition (72 speeches)
    I beg to move amendment No. 225, in schedule 23, page 324, leave out line 30.
  • Clause 141 - Ending of relief for contributions to QUESTS (13 speeches)
    I beg to move amendment No. 242, in clause 141, page 82, line 8, at end insert— '(1A) Section 68 of that Act (principal charges to tax) shall be amended as follows: (a) in subsection...
  • Clause 142 - Restriction of deductions for employee benefit contributions (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 24 - Restriction of deductions for employee benefit contributions (23 speeches)
    I beg to move amendment No. 244, in schedule 24, page 336, line 40, after 'asset', insert 'on trust'.
• Finance Bill, 14th sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and schedules 5, 6, 19 and 25, and any new clauses and schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) (5 speeches)
    May I welcome hon. Members to the penultimate sitting of the Committee on the Finance Bill 2003? I am convinced that we will remain good humoured and continue to make excellent progress, but I am...
  • Clause 143 - PAYE on notional payments: reimbursement period (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 144 - PAYE: regulations and notional payments (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 145 - Payroll giving: extension of 10 per cent. supplement to 5th April 2004 (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 156 - Life insurance policies and deferred annuity contracts (16 speeches)
    The question is that clause 156 stand part of the Bill. I apologise to the Committee. I am keen that we should make progress, but I am slightly overstepping the mark, as I have selected an...
  • Clause 157 - Application of market value rule in case of exercise of option (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 158 - Reporting limits and annual exempt amount (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 159 - Taper relief: assets qualifying as business assets (28 speeches)
    I beg to move amendment No. 247, in clause 159, page 96, line 45, leave out 'or an eligible beneficiary'. The clause is a welcome relaxation of the definition of business assets for the purpose...
  • Clause 161 - Deferred unascertainable Consideration: election for treatment of loss (9 speeches)
    I beg to move amendment No. 249, in clause 161, page 100, line 18, after 'assessment', insert 'or accounting period as defined by the Corporation Tax Acts. (8A) This section shall apply in...
  • Clause 162 - Transfers of value: attribution of gains to beneficiaries (32 speeches)
    I beg to move amendment No. 208, in clause 162, page 105, leave out lines 21 to 39.
• Finance Bill, 15th sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except clauses 1, 4, 5, 9, 14, 22, 42, 56, 57, 124, 130 to 135, 138, 139, 148 and 184 and schedules 5, 6, 19 and 25, and any new clauses and schedules tabled by Friday 9th May 2003 relating to excise duty on spirits or R&D tax credits for oil exploration.) - Clause 162 - Transfers of value: attribution of gains to beneficiaries (4 speeches)
    Amendment proposed [this day]: No. 208, in clause 162, page 105, leave out lines 21 to 39.—[Mr. Stephen O'Brien] Question again proposed, That the amendment be made.
  • Schedule 29 - Transfers of value: (7 speeches)
    I beg to move amendment No. 210, in schedule 29, page 354, line 16, at end insert— '(3A) Where any outstanding section 87/89 gains of a settlement are brought into the settlement's...
  • Clause 174 - Payments to adopters (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 175 - Foster carers (6 speeches)
    I beg to move amendment No. 290, in clause 175, page 111, line 18, at end insert— '(1A) The provisions of Schedule 36 have effect in relation to adult placement carers with the...
  • Schedule 36 - Foster carers (9 speeches)
    I beg to move amendment No. 203, in schedule 36, page 408, line 23, at end insert— '(7) The Treasury may by order substitute, for the fixed amount in subparagraph (1), a higher figure in...
  • Clause 177 - Loan relationships: amendments (10 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 37 - Loan relationships: amendments (23 speeches)
    I beg to move amendment No. 310, in schedule 37, page 415, leave out lines 1 to 3 and insert— '(4) The amendments made by this paragraph have effect in relation to loan relationships...
  • Clause 179 - Contributions to urban regeneration companies (14 speeches)
    I beg to move amendment No. 315, in clause 179, page 114, line 12, leave out 'any expenditure incurred by him in making' and insert 'the amount or value of'.
  • Schedule 38 - Sale and repurchase of securities etc (10 speeches)
    I beg to move amendment No. 300, in schedule 38, page 419, line 42, at end insert— 9A In section 730A of the Taxes Act 1988 (treatment of price differential on sale and repurchase of...
  • Schedule 39 - Relevant discounted securities: (5 speeches)
    I beg to move amendment No. 324, in schedule 39, page 425, line 33, leave out from 'security' to end of line 37 and insert 'which is listed on a recognised stock exchange.'. As the Committee...
  • Clause 182 - Court common investment funds (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 183 - Authorised unit trusts, OEICs and common investment funds (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 200 - Authorised unit trusts: (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 191 - Higher rate of tax: divided companies (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 192 - Companies acquiring their own shares (10 speeches)
    I beg to move amendment No. 325, in clause 192, page 124, leave out lines 27 to 38 and insert— '(6) Where any shares of a company are subject to a transaction which falls, or would fall,...
  • Schedule 40 - Acquisition by company of its own shares (2 speeches)
    Question proposed, That this schedule be the Fortieth schedule to the Bill.
  • Schedule 41 - Companies in administration (5 speeches)
    I beg to move amendment No. 295, in schedule 41, page 428, line 21, at end insert— '(7ZB) For the purposes of this section an administrator (who is the proper officer of a company) may...
  • Clause 194 - Exchange of information between tax authorities of member states (5 speeches)
    I beg to move amendment No. 207, in clause 194, page 126, line 16, leave out 'any of subsections (1) to' and insert 'the definition of ''the Mutual Assistance Directive'' in subsection'.
  • Clause 195 - Arrangements for mutual exchange of tax information (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 196 - Savings income: Community obligations and international arrangements (5 speeches)
    I beg to move amendment No. 200, in clause 196, page 127, line 7, after 'made', insert 'after consultation and agreement'.
  • Schedule 42 - Controlled foreign companies: exempt activities (5 speeches)
    I beg to move amendment No. 318, in schedule 42, page 431, line 36, leave out 'branch or agency' and insert 'permanent establishment'.
  • Clause 201 - Mandatory electronic payment by large employers (9 speeches)
    Question proposed, That the clause stand part of the Bill.