Public Bill Committees
Finance Bill

• Finance Bill, 1st sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) (11 speeches)
    I beg to move That, during proceedings on the Finance Bill (except Clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289 and Schedules 1, 3, 11, 12, 21 and 37 to 39), the Committee do meet at...
  • Clause 1 - Rates of tobacco products duty (41 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 2 - Rate of duty on beer (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 6 - Road fuel gas (12 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 7 - Sulphur-free fuel (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 8 - Definition of ''fuel oil'' (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 9 - Mixing of rebated oil (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 10 - Bioethanol (2 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 2nd sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • Clause 10 - Bioethanol (21 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
  • Clause 11 - Biodiesel (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 12 - Fuel substitutes (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 13 - Warehousing (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 14 - Treatment of certain energy products (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 15 - General betting duty: pool betting (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 16 - Rates of gaming duty (8 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 17 - Amusement machine licence duty: rates (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 18 - Fee for payment of duty by credit card (27 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 19 - Disclosure of VAT avoidance schemes (22 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 3rd sitting (0 speeches)
  [Mr John McWilliam in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and - Schedule 2 - Disclosure of value added tax avoidance schemes (19 speeches)
    I beg to move amendment No. 7, in schedule 2, page 257, line 22, at end insert 'and the Treasury shall with any such designation provide details of the circumstances in which they believe such...
  • Clause 21 - Reverse charge on gas and electricity (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 22 - Use of stock in trade cars for consideration (11 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 23 - Charge and rates for 2004–05 (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 24 - Personal allowances for those aged 65 or more (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 25 - Charge and main rate for financial year 2005 (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 26 - Small companies' rate and fraction (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 29 - Special rates of tax applicable to trusts (29 speeches)
    I beg to move amendment No. 57, in clause 29, page 23, line 35, leave out subsection (4).
  • Clause 30 - Provision not at arm's length: transactions between UK taxpayers (23 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 4th sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 30 - Provision not at arm's length: transations between UK taxpayers (12 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
  • Clause 31 - Exemptions for dormant companies and (31 speeches)
    I beg to move amendment No. 9, in clause 31, page 26, line 9, at end insert— '5AA(1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a...
  • Clause 32 - Special applications of paragraph 6 of (4 speeches)
    I beg to move amendment No. 73, in clause 32, page 30, line 33, leave out '6(3)(a)' and insert '6(2)(a)'.
  • Clause 33 - Provision not at arm's length: (8 speeches)
    Mr. Prisk rose—
  • Clause 34 - Payments of excessive interest etc (13 speeches)
    I beg to move amendment No. 12, in clause 34, page 35, line 29, at end insert— '(fa) in sub-paragraph (4)(c) after ''would apart from section 84A(2) to (10) of this Act'' insert ''and...
  • Clause 35 - Elimination of double counting etc (4 speeches)
    I beg to move amendment No. 75, in clause 35, page 36, line 1, leave out first 'paragraph' and insert 'Schedule'.
  • Clause 36 - Balancing payments and elections to (15 speeches)
    I beg to move amendment No. 79, in clause 36, page 39, line 18, leave out 'issued by the advantaged person'.
  • Clause 37 - Commencement and transitional provisions (5 speeches)
    I beg to move amendment No. 26, in clause 37, page 41, line 36, leave out '6th' and insert '1st'.
  • Clause 38 - Expenses of management: (12 speeches)
    I beg to move amendment No. 58, in clause 38, page 42, leave out lines 15 to 19. We now move on to the question of management expenses, which is not quite as it sounds. Those members of the...
  • Schedule 6 - Expenses of companies with (1 speech)
    I beg to move amendment No. 83, in schedule 6, page 277, leave out lines 41 to 45 and insert 'for ''an investment company'', wherever occurring, substitute ''a company with investment...
  • Clause 43 - Companies with investment business: (1 speech)
    I beg to move amendment No. 84, in clause 43, page 51, line 22, leave out '41' and insert '46'. The amendment changes an incorrect reference, which became clear after the Bill was published. I...
  • Clause 44 - Insurance companies: (1 speech)
    I beg to move amendment No. 85, in clause 44, page 53, line 29, at beginning insert 'the old'. The amendment is a minor, clarifying one. It makes it clear that when the straddling period rule...
  • Clause 46 - Power to make consequential amendments (5 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 5th sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) (0 speeches)
    Clause 47 ordered to stand part of the Bill.
  • Schedule 7 - Insurance companies etc (6 speeches)
    I beg to move amendment No. 86, in schedule 7, page 281, line 42, after first '14' insert ', 17, 22, 31 or 38'.
  • Clause 48 - Loan relationships: miscellaneous amendments (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 8 - Loan relationships: miscellaneous amendments (32 speeches)
    I beg to move amendment No. 53, in schedule 8, page 285, line 38, leave out 'from' and insert 'from— (a)'.
  • Clause 49 - Derivative contracts: miscellaneous amendments (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 51 - Use of different accounting practices (21 speeches)
    I beg to move amendment No. 96, in clause 51, page 58, line 11, leave out second 'and'.
  • Clause 52 - Amendment of enactments that operate by reference to accounting practice (1 speech)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39), 6th sitting (2 speeches)
  [Mr. John McWilliam in the Chair]
  • Clause 52 - Amendment of enactments that operate by reference to accounting practice (0 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question put and agreed to. Clause 52 ordered to stand part of the Bill.
  • Column Number: 176Schedule 10 - Schedule 10 - Amendment of enactments that operate by reference to accounting practice (14 speeches)
    I apologise for putting the question on clause 52 as I did earlier. I had a good lunch—not a particularly alcoholic one. We now come to schedule 10. The question is that schedule 10 be the...
  • Clause 53 - Treatment of expenditure on research and development (14 speeches)
    I beg to move amendment No. 98, in clause 53, page 59, line 15, at end insert 'such that deductions are available as and when the expenditure is incurred.'. Mr. McWilliam, I welcome you to the...
  • Clause 54 - Trading profits etc. from securities: taxation of amounts taken to reserves (9 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 55 - Duty of company to give notice of coming within charge to corporation tax (15 speeches)
    I beg to move amendment No. 110, in clause 55, page 61, line 1, leave out 'three' and insert 'six'. As hon. Members will know, the clause is about new companies being required to notify the...
  • Relief for community amateur sports clubs (23 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 13 - Childcare and childcare vouchers (47 speeches)
    I beg to move amendment No. 91, in schedule 13, page 328, line 32, after 'under' insert 'Part 1 or 2 of'. Good afternoon, Mr. McWilliam. I apologise for the fact that the amendment is needed to...
• Finance Bill, 7th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111, and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39 (1 speech)
    Gentlemen may remove jackets; it is a bit warm today. Of course, ladies do not need ask.Clause 79 Exemption for loaned computer equipment
  • Clause 79 - Exemption for loaned computer equipment (19 speeches)
    I beg to move amendment No. 59, in clause 79, page 75, line 21, leave out '£500' and insert '£550'. May I take this opportunity to welcome you to the Chair, Mr. McWilliam, for the...
  • Clause 80 - Vans (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 14 - Vans (18 speeches)
    Question proposed, That this schedule be the Fourteenth schedule to the Bill.
  • Clause 81 - Emergency vehicles (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 82 - European travel expenses of MPs and other representatives (24 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 83 - Giving through the self-assessment return (13 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 84 - Charge to income tax by reference to enjoyment of property previously owned (23 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 8th sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 84 - Charge to income tax by reference to enjoyment of property previously owned (35 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
  • Schedule 15 - Charge to income tax on benefits received by former owner of property (77 speeches)
    Amendment made: No. 117, in schedule 15, page 341, line 2, leave out 'in any year of assessment'.—[Dawn Primarolo.]
• Finance Bill, 9th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Schedule 15 - Charge to income tax on benefits received by former owner of property (75 speeches)
    Amendment proposed: No. 149, in schedule 15, page 348, leave out lines 2 to 8 and insert— '20 (1) This paragraph applies where— (a) a person (''the chargeable person'') would...
  • Clause 85 - Relief where national insurance contributions met by employee (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 16 - Relief where national insurance contributions met by employee (8 speeches)
    Question proposed, That this schedule be the Sixteenth schedule to the Bill.
  • Clause 88 - Enterprise investment scheme (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 89 - Venture capital trusts (3 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 10th sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 89 - Venture capital trusts (7 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
  • Schedule 19 - Venture capital trusts (14 speeches)
    I beg to move amendment No. 27, in schedule 19, page 369, line 23, leave out from beginning to end of line 7 on page 370.
  • Clause 90 - Corporate venturing scheme (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 91 - Enterprise management incentives: subsidiaries (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 94 - Permanent establishments and ''25% associates'' (18 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 102 - Introductory (12 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 11th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 112 - Private residence relief (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 22 - Chargeable gains: private residence relief (30 speeches)
    I beg to move amendment No. 30, in schedule 22, page 388, line 28, leave out from beginning to end of line 20 on page 389 and insert— '( ) Where a claim for relief under section 260 has...
  • Clause 113 - Authorised unit trusts: treatment of (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 114 - Individuals benefited by film relief (7 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 115 - ''Disposal of a right of the individual to (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 119 - Restriction of relief: non-active partners (8 speeches)
    I beg to move amendment No. 183, in clause 119, page 99, line 30, leave out 'or a member of a limited liability partnership'.
• Finance Bill, 12th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 119 - Restriction of relief: non-active partners (46 speeches)
    Amendment proposed [this day]: No. 183, in clause 119, page 99, line 30, leave out 'or a member of a limited liability partnership'.—[Mr. Prisk] Question again proposed, That the...
  • Clause 121 - Charge to income tax (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 125 - Companies in partnership (17 speeches)
    I beg to move amendment No. 190, in clause 125, page 109, line 10, at beginning insert 'relevant'.
  • Clause 127 - Finance leasebacks (8 speeches)
    I beg to move amendment No. 158, in clause 127, page 112, leave out lines 20 to 23 and insert— '(1) This section applies in relation to the calculation of the lessor's income or profits...
  • Schedule 23 - Finance leasebacks: transitional provision (0 speeches)
    Amendments made: No. 170, in schedule 23, page 391, line 5, after 'subject to' insert 'paragraphs 2 to 8 of'. No. 171, in schedule 23, page 391, line 6, at end insert— '( ) Paragraph...
  • Clause 128 - Manufactured dividends (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 129 - Gilt strips (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 130 - Life policies etc.: (6 speeches)
    Amendment made: No. 95, in clause 130, page 120, line 30, leave out '541(d)' and insert '541(1)(d)'.—[Ruth Kelly.] Question proposed, That the clause, as amended, stand part of the Bill.
  • Clause 131 - Relief for research and development: software and consumable items (30 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 132 - Temporary increase in amount of first-year allowances for small enterprises (18 speeches)
    I beg to move amendment No. 104, in clause 132, page 123, line 3, after 'small', insert 'or medium-sized'.
  • Clause 134 - Lloyd's names: (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 135 - Offshore funds (7 speeches)
    I beg to move amendment No. 192, in clause 135, page 126, line 7, leave out 'the day on which this Act is passed' and insert '17th March 2004'. [R] Relevant registered interest declared.
  • Schedule 26 - Offshore funds (3 speeches)
    I beg to move amendment No. 195, in schedule 26, page 414, line 30, at end insert— '(1A) In subsection (3), paragraph (a) replace ''5 per cent'' with ''15 per cent''.'. The investment...
  • Clause 136 - Meaning of ''offshore installation'' (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 138 - Corporation tax: health service bodies (4 speeches)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 13th sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • Clause 139 - Overview of Part 4 (10 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 140 - Meaning of ''pension scheme'' (9 speeches)
    I beg to move amendment No. 198, in clause 140, page 130, line 10, at end insert ', except a personal pension scheme or an arrangement comprising a number of personal pension schemes,'. [R]...
  • Clause 141 - Meaning of ''member'' (8 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 142 - Meaning of ''arrangement'' (9 speeches)
    I beg to move amendment No. 207, in clause 142, page 131, line 6, leave out 'cash balance benefits or other'.
  • Clause 143 - Registration of pension schemes (30 speeches)
    I beg to move amendment No. 290, in clause 143, page 132, line 26, at end insert 'and, if the Inland Revenue's decision is not to register the pension scheme, the reasons why the pension scheme...
  • Clause 147 - De-registration (1 speech)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 14th sitting (1 speech)
  [Mr. John McWilliam in the Chair]
  • Clause 147 - De-registration (6 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
  • Clause 150 - Payments by registered pension schemes (1 speech)
    I beg to move amendment No. 297, in clause 150, page 136, line 31, after second 'to' insert 'or in respect of'. The amendment introduces a minor clarification. The clause introduces a rule on...
  • Clause 151 - Meaning of payment etc. (3 speeches)
    I beg to move amendment No. 298, in clause 151, page 137, line 31, at end insert '(or who was connected with a member at the date of the member's death)'.
  • Clause 152 - Meaning of ''loan'' (5 speeches)
    I beg to move amendment No. 292, in clause 152, page 138, line 16, at end insert 'except in prescribed circumstances'.
  • Clause 154 - Authorised member payments (17 speeches)
    I beg to move amendment No. 293, in clause 154, page 138, line 39, leave out 'and'.
  • Clause 155 - Pension rules (58 speeches)
    I beg to move amendment No. 284, in clause 155, page 139, leave out lines 22 to 26 and insert— 'No payment of pension other than— (a) a scheme pension, (b) a lifetime annuity, or (c)...
  • Schedule 28 - Registered pension schemes: authorised pensions — supplementary (28 speeches)
    I beg to move amendment No. 216, in schedule 28, page 421, line 14, leave out subparagraph (1).
  • Clause 156 - Lump sum rule (7 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 29 - Registered pension schemes: authorised lump sums — supplementary (6 speeches)
    I beg to move amendment No. 311, in schedule 29, page 430, line 37, leave out 'amount which is the individual's lifetime allowance in relation to the member' and insert 'member's lifetime allowance'.
• Finance Bill (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39), 15th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • Schedule 29 - Registered pension schemes: authorised lump sums — supplementary (39 speeches)
    Amendment proposed [8 June]: No. 220, in schedule 29, page 430, line 41, leave out 'when' and insert 'on or after the day on which'.—[Mr. George Osborne.] Question again proposed, That...
  • Clause 160 - Scheme administration member payments (7 speeches)
    I beg to move amendment No. 269, in clause 160, page 142, line 24, after 'salaries', insert ', benefits'.
  • Clause 161 - Assignment (9 speeches)
    I beg to move amendment No. 279, in clause 161, page 142, line 40, after 'provision', insert 'or in prescribed circumstances,'.
  • Clause 162 - Benefits (4 speeches)
    Amendments made: No. 319, in clause 162, page 143, line 38, leave out 'the' and insert 'a'. No. 320, in clause 162, page 143, line 38, at end insert­ '(3A) A registered pension scheme...
  • Clause 163 - Value shifting (0 speeches)
    Amendment made: No. 322, in clause 163, page 144, line 22, at end insert­ '(1A) But if the event or the change in the value of the currency occurs after the member's death­ (a) the...
  • Clause 166 - Authorised surplus payment (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 168 - Authorised Employer Loan (18 speeches)
    I beg to move amendment No. 281, in clause 168, page 145, line 26, at end insert— '(2) A registered scheme may only make a loan to or in respect of a sponsoring employer if it is an...
• Finance Bill, 16th sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289 and schedules 1, 3, 11, 12, 21 and 37 to 39) (11 speeches)
    I beg to move amendment No. 426, in clause 171, page 148, line 32, after 'would' insert ', on the valuation assumptions (see section (Valuation assumptions)),'.
  • Clause 175 - Income (22 speeches)
    I beg to move amendment No. 423, in clause 175, page 150, line 40, at end insert 'but only to the extent that the investments are prescribed as being investments which such a registered pension...
  • Clause 177 - Relief for contributions (8 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 178 - Relevant UK individual (3 speeches)
    I beg to move amendment No. 323, in clause 178, page 152, line 47, at end insert— '(2A) For the purposes of this section and section 179 relevant UK earnings are to be treated as not...
  • Clause 185 - Relief for employers in respect of (5 speeches)
    I beg to move amendment No. 273, in clause 185, page 157, line 27, after 'contributions', insert '(which includes payment of money, a transfer of assets or any other transfer of money's worth)'.
  • Clause 186 - Spreading of relief (4 speeches)
    I beg to move amendment No. 282, in clause 186, page 159, line 21, after 'which', insert 'have accrued under the pension scheme to or in respect of members, or (c) benefits which'. The...
  • Schedule 31 - Taxation of benefits under registered (8 speeches)
    Amendment made, No. 427, in schedule 31, page 446, line 2, at end insert— '(2A) Omit the entry relating to section 623.'.—[Ruth Kelly.]
  • Clause 194 - Short service refund lump sum charge (6 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 195 - Special lump sum death benefits charge (5 speeches)
    I beg to move amendment No. 336, in clause 195, page 164, line 17, leave out '35%' and insert '32%'.
  • Clause 196 - Authorised surplus payments charge (3 speeches)
    I beg to move amendment No. 400, in clause 196, page 165, line 4, at end insert ', or (c) in prescribed circumstances.'. This is again a fairly technical amendment. It applies to the limited...
  • Clause 197 - Unauthorised payments charge (3 speeches)
    I beg to move amendment No. 428, in clause 197, page 165, line 25, leave out subsection (4).
  • Clause 198 - Unauthorised payments surcharge (0 speeches)
    Amendment made: No. 429, in clause 198, page 166, line 19, leave out subsection (5).—[Ruth Kelly.] Clause 198, as amended, ordered to stand part of the Bill. Clauses 199 and 200 ordered...
  • Clause 201 - Valuation of uncrystallised rights for purposes of section 199 (0 speeches)
    Amendments made: No. 430, in clause 201, page 168, line 18, after 'would' insert ', on the valuation assumptions (see section (Valuation assumptions)),'. No. 431, in clause 201, page 168,...
  • Clause 205 - Benefit crystallisation events and amounts crystallised (13 speeches)
    I beg to move amendment No. 403, in clause 205, page 172, line 9, column 1, leave out 'The individual becoming entitled to a scheme pension under any of the relevant pension schemes' and...
  • Schedule 32 - Registered pension schemes: benefit (5 speeches)
    I beg to move amendment No. 407, in schedule 32, page 451, leave out lines 1 to 23.
• Finance Bill, 17th sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 206 - Persons liable to charge (0 speeches)
    Amendment made: No. 435, in clause 206, page 173, line 19, leave out subsection (5).—[Ruth Kelly.] Clause 206, as amended, ordered to stand part of the Bill.
  • Clause 207 - Individual's lifetime allowance and standard lifetime allowance (68 speeches)
    I beg to move amendment No. 415, in clause 207, page 173, leave out line 29 and insert— '(2) The standard lifetime allowance is, for the tax year— (a) 2006–07,...
• Finance Bill, 18th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 207 - Individual's lifetime allowance and (24 speeches)
    I beg to move amendment No. 416, in clause 207, page 173, line 32, after 'year', insert 'increased by the percentage increase (if any) in national average earnings over that tax year'.
  • Clause 208 - Availability of individual's lifetime allowance (0 speeches)
    Amendment made: No. 325, in clause 208, page 175, line 13, at end insert— '(9) In this Part references (however expressed) to the portion of a person's lifetime allowance that is...
  • Clause 211 - Non-residence: money purchase arrangements (7 speeches)
    Amendments made: No. 436, in clause 211, page 177, line 9, leave out from 'would' to end of line 10 and insert ', on the valuation assumptions (see section (Valuation assumptions)), be...
  • Clause 212 - Non-residence: other arrangements (14 speeches)
    Amendment proposed: No. 438, in clause 212, page 178, leave out line 10 and insert— (RVFxPE+LSE) - (RVFxPB+LSB) SLA —[Ruth Kelly.]
  • Clause 214 - Overseas scheme transfers: (0 speeches)
    Amendments made: No. 443, in clause 214, page 180, line 28, leave out from 'would' to third 'the' in line 30 and insert ', on the valuation assumptions (see section (Valuation assumptions)),...
  • Clause 215 - Overseas scheme transfers: (0 speeches)
    Amendments made: No. 445, in clause 215, page 181, leave out line 23 and insert— (RVF(PE+LSE) - (RVF(PB+LSB) No. 446, in clause 215, page 181, line 26, leave out from first 'the' to...
  • Clause 217 - Annual allowance (11 speeches)
    I beg to move amendment No. 425, in clause 217, page 183, leave out line 2 and insert— '(2) The annual allowance is as follows— (a) for the tax year 2006–07, £215,000 ...
  • Clause 219 - Cash balance arrangements (0 speeches)
    Amendments made: No. 450, in clause 219, page 183, line 36, leave out from 'would' to third 'the' in line 37 and insert ', on the valuation assumptions (see section (Valuation assumptions)),...
  • Clause 223 - Defined benefits arrangements (0 speeches)
    Amendments made: No. 452, in clause 223, page 185, line 40, leave out from first 'the' to end of line 41 and insert 'annual rate of the pension which would, on the valuation assumptions (see...
  • Clause 224 - Defined benefits arrangements: (3 speeches)
    I beg to move amendment No. 422, in clause 224, page 186, line 17, leave out from '223(4)' to end of line 18. Clauses 223 and 224 are about calculating the increase in the value of the defined...
  • Clause 228 - Scheme sanction charge (0 speeches)
    Amendment made: No. 456, in clause 228, page 189, line 3, leave out subsection (4).—[Ruth Kelly.] Clause 228, as amended, ordered to stand part of the Bill. Clauses 229 to 235 ordered...
  • Clause 236 - Taxation of non-pension benefits (0 speeches)
    Amendment made: No. 457, in clause 236, page 194, line 11, leave out from 'to''' to end of line 12.—[Ruth Kelly.] Clause 236, as amended, ordered to stand part of the Bill.
  • Clause 237 - Registered pension scheme return (0 speeches)
    Amendment made: No. 458, in clause 237, page 196, line 15, leave out 'payment' and insert 'provision'.—[Ruth Kelly.] Clause 237, as amended, ordered to stand part of the Bill.
  • Clause 238 - Information: general requirements (0 speeches)
    Amendments made: No. 459, in clause 238, page 197, line 4, after 'Revenue' insert ', in a form specified by the Board of Inland Revenue,'. No. 460, in clause 238, page 197, line 19, leave...
  • Clause 239 - Notices requiring documents or particulars (0 speeches)
    Amendments made: No. 462, in clause 239, page 198, line 27, leave out 'payment' and insert 'provision'. No. 463, in clause 239, page 198, line 43, at end insert—[Ruth Kelly.] Clause...
  • Clause 242 - Assessments under this Part (0 speeches)
    Amendment made: No. 464, in clause 242, page 200, line 42, leave out from 'provision' to end of line 43 and insert 'for and in connection with the making of assessments in respect of— ...
  • Clause 244 - Registered pension scheme return (0 speeches)
    Amendment made: No. 465, in clause 244, page 201, line 41, leave out '£300' and insert '£100'.—[Ruth Kelly.] Clause 244, as amended, ordered to stand part of the Bill. Clause...
  • Clause 246 - Documents and particulars required by notice (0 speeches)
    Amendment made: No. 466, in clause 246, page 202, line 24, leave out 'of' and insert 'not exceeding'.—[Ruth Kelly.] Clause 246, as amended, ordered to stand part of the Bill. Clauses...
  • Clause 254 - Lifetime allowance charge (13 speeches)
    I beg to move amendment No. 419, in clause 254, page 206, line 21, leave out 'and (b)' and insert 'or (b) the scheme administrator reasonably believed that the liability would be met by another...
  • Clause 259 - Trustees etc. liable as scheme administrator (0 speeches)
    Amendment made: No. 467, in clause 259, page 211, line 33, leave out subsection (6).—[Ruth Kelly.] Clause 259, as amended, ordered to stand part of the Bill.
  • Clause 260 - Members liable as scheme administrator (0 speeches)
    Amendments made: No. 468, in clause 260, page 212, line 10, leave out ', and is assessable accordingly,'. No. 469, in clause 260, page 212, line 21, leave out from 'as,' to second 'the' in...
  • Clause 263 - Relevant valuation factor (24 speeches)
    I beg to move amendment No. 420, in clause 263, page 214, line 9, leave out '20' and insert 'the number certified from time to time by the Government Actuary which is appropriate having regard...
  • Clause 265 - Other definitions (20 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 266 - Abbreviations and general index (0 speeches)
    Amendments made: No. 326, in clause 266, page 215, line 32, at end insert— ' ''NIA 1965'' means the National Insurance Act 1965 (c.51), ''NIA(NI) 1966'' means the National Insurance...
  • Clause 267 - Minor and consequential amendments (0 speeches)
    Amendment made: No. 475, in clause 267, page 220, line 10, leave out from 'revocations)' to end of line 11 and insert 'as may appear appropriate in consequence of, or otherwise in connection...
  • Schedule 33 - Pension schemes etc: minor and consequential amendments (0 speeches)
    Amendments made: No. 476, in schedule 33, page 458, line 7, after 'paragraph' insert 'do'.— No. 477, in schedule 33, page 458, line 9, after 'applies' insert 'does'.—[Ruth Kelly.]...
• Finance Bill, 19th sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 269 - Transitionals and savings (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 34 - Pension schemes etc: (66 speeches)
    I beg to move amendment No. 371, in schedule 34, page 465, line 3, leave out sub-paragraph (2) and insert— '(2) Any modifications of the rules of a pension scheme made by the regulations...
  • Clause 270 - Commencement (1 speech)
    Question proposed, That the clause stand part of the Bill.
• Finance Bill, 20th sitting (0 speeches)
  [Mr. John McWilliam in the Chair]
  • (except clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 3, 11, 12, 21 and 37 to 39) - Clause 270 - Commencement (2 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
  • Clause 271 - Certain receipts not to be tarrif receipts (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 272 - Petroleum extraction activities: exploration expenditure supplement (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 273 - Restrictions on expenditure allowable (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 274 - Terminal losses (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 275 - Supplies to producers of commodities (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 277 - Transitional tax credit in Northern Ireland: new scheme (11 speeches)
    I beg to move amendment No. 157, in clause 277, page 231, line 14, leave out '2012' and insert '2011'. This is an important but relatively small amendment. As drafted, the clause would mean that...
  • Clause 278 - Lorry road-user charge (8 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 279 - Delivery of accounts etc (10 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 280 - Grant of probate (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 290 - Meaning of ''notifiable arrangements'' and ''notifiable proposal'' (70 speeches)
    I beg to move amendment No. 554, in clause 290, page 241, line 20, after 'enable' insert 'or might be expected to enable'.
  • Clause 291 - Meaning of ''promoter'' (4 speeches)
    Amendment proposed: No. 555, in clause 291, page 241, line 30, leave out from 'of' to end of line 32 and insert 'a relevant business'.—[Dawn Primarolo.]
  • Clause 292 - Duties of promoter (30 speeches)
    I beg to move amendment No. 368, in clause 292, page 242, line 6, after 'period', insert 'of not less than 30 days'.
  • Clause 293 - Duty of person dealing with promoter outside United Kingdom (0 speeches)
    Amendment made: No. 561, in clause 293, page 242, line 34, leave out 'in the prescribed manner'.—[Dawn Primarolo.] Clause 293, as amended, ordered to stand part of the Bill.
  • Clause 294 - Duty of parties to notifiable arrangements not involving promoter (3 speeches)
    Amendment made: No. 562, in clause 294, page 243, line 1, leave out 'in the prescribed manner'.—[Dawn Primarolo.] Question proposed, That the clause, as amended, stand part of the Bill.
  • Clause 295 - Arrangements to be given reference number (0 speeches)
    Amendment made: No. 563, in clause 295, page 243, line 10, at end insert— '( ) The allocation of a reference number to any notifiable arrangements (or proposed notifiable arrangements)...
  • Clause 296 - Duty of promoter to notify client of number (0 speeches)
    Amendment made: No. 564, in clause 296, page 243, line 16, leave out 'in the prescribed form'.—[Dawn Primarolo.] Clause 296, as amended, ordered to stand part of the Bill.
  • Clause 297 - Duty of parties to notifiable arrangements to notify Board of number, etc. (0 speeches)
    Amendments made: No. 565, in clause 297, page 243, line 29, leave out 'at the prescribed time or times'. No. 566, in clause 297, page 243, line 30, leave out 'in the prescribed form and...
  • Clause 298 - Legal professional privilege (11 speeches)
    I beg to move amendment No. 369, in clause 298, page 244, line 22, at end insert 'but Legal Professional Privilege does not subsist in a way in which prevents compliance with this part of the...
  • Clause 302 - Part 7: commencement and savings (6 speeches)
    I beg to move amendment No. 370, in page 246, line 39, leave out '1st August 2004' and insert '1st October 2004'. As I understand it, the Government have already accepted the point raised by the...
• Finance Bill, 21st sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • Clause 303 - Exclusion of extended limitation period in England, Wales and Northern Ireland (7 speeches)
    I beg to move amendment No. 548, in clause 303, page 247, line 14, leave out '8th September 2003' and insert 'the date six months after this Act shall have received Royal Assent.'.
  • Clause 305 - Mutual assistance: customs union with the Principality of Andorra (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 306 - Ending of shipbuilders' relief (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 307 - Ending of shipbuilders' relief (13 speeches)
    Question proposed, That the clause stand part of the Bill.
  • New Clause 2 - Shares in employee-controlled companies and unconnected companies (13 speeches)
    '(1) Each of the provisions of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (c.1) (employment income: securities) specified in subsection (2) (exception from charges for certain...
  • New Clause 3 - Restricted securities with artificially depressed value (0 speeches)
    '(1) Section 446E of the Income Tax (Earnings and Pensions) Act 2003 (c.1) (employee securities with artificially depressed market value: charge on restricted securities) is amended as follows....
  • New Clause 12 - Relationship with chargeable gains (0 speeches)
    '(1) Subsection (3) below applies if— (a) section 125 applies as a result of a receipt on or after 17 March 2004, by a company that is or has been a member of a partnership, of any...
  • New Clause 16 - Valuation assumptions (0 speeches)
    'For the purposes of this Part the valuation assumptions in relation to a person and any benefits are— (a) if the person has not reached such age (if any) as must have been reached to...
  • New Clause 17 - Premium Bonds (3 speeches)
    'Regulations under section 11 of the National Debt Act 1972 (c.65) (power of Treasury to make regulations as to raising of money under auspices of Director of Savings) may repeal any provision...
  • New Clause 18 - Partnerships exploiting films (0 speeches)
    'After section 118ZK of the Taxes Act 1988 (inserted by section 119) there is inserted— ''Partnerships exploiting films 118ZL Partnerships exploiting films (1) Where (apart from this...
  • New Clause 19 - Approved plans and schemes (0 speeches)
    '(1) The Income Tax (Earnings and Pensions) Act 2003 (c.1) is amended as follows. (2) Omit section 421G (exclusion from Chapters 2 to 4 of Part 7 of shares awarded or acquired under approved...
  • New Clause 20 - Shares acquired on public offer (0 speeches)
    '(1) Section 421F of the Income Tax (Earnings and Pensions) Act 2003 (c.1) (exclusion from Chapters 2 to 4 of Part 7 of shares acquired under terms of offer to the public) is amended as follows....
  • New Clause 21 - Associated persons etc. (0 speeches)
    '(1) Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (c.1) (employment income: securities) is amended as follows. (2) In section 421C(2) (meaning of ''relevant linked person'' for...
  • New Clause 22 - Power of Board to specify form and manner in which information is provided under Part 7 (0 speeches)
    'The information required by section 292(1) or (3), 293(1), 294, 296(1) or 297(1) must be provided in a form and manner specified by the Board.'.—[Dawn Primarolo.] Brought up, read the...
  • Column Number: 770 (0 speeches)
    New Clause 4Expenditure incurred on assets leased by small or medium-sized enterprise
  • Expenditure incurred on assets leased by small or medium-sized enterprise (3 speeches)
    '(1) The Capital Allowances Act 2001 is amended as follows. (2) For subsection 44(1), substitute— ''(1) Expenditure is first-year qualifying expenditure if— (a) it is incurred...
  • New Clause 5 - Expenditure incurred in installing access ramps (8 speeches)
    (1) The Capital Allowances Act 2001 is amended as follows. (2) In section 23(2) after ''section 29 (fire safety)'' insert— ''29A (ramps for disabled access)'' (3) After section 29...
  • New Clause 6 - Transfers of real property between joint occupiers (6 speeches)
    '(1) The Inheritance Tax Act 1984 is amended as follows. (2) After section 18 insert— ''Transfers of real property between joint occupier 18A (1) A transfer on death shall be an...
  • Schedule 40 - Repeals (6 speeches)
    Amendments made: No. 553, in schedule 40, page 564, line 17, at end insert— '( ) Employment-related securities and options Short title and chapter Extent of repeal Income Tax (Earnings...