Schedule 1 - VAT: Face-value vouchers
Finance Bill
9:45 am
Mr Nicholas Winterton (Macclesfield, Conservative)
With this it will be convenient to discuss the following:
Amendment No. 90, in
schedule 1, page 143, line 1, leave out paragraph 4 and insert—
'4(1) Subject to subparagraph (2), the amendments made by this Schedule apply to supplies of tokens, stamps or vouchers issued on or after 9th April 2003.
(2) The amendments made by this Schedule shall not apply to the supply of any token, stamp or voucher issued pursuant to a contract made before 9th April 2003 between the issuer and the person to whom he issues it, unless those persons were on 8th April 2003 connected with each other within the meaning of section 839 of the Income and Corporation Taxes Act 1988.'.
It may well be that the Opposition spokesman wishes to speak to the amendment, but I shall permit very few remarks if he feels that that is necessary, because he has dealt with both the amendments at some length under clause 19. [Interruption.] I do not
want applause from the Government; it creates grave embarrassment for the Chair.