Public Bill Committees
Finance Bill

• Finance Bill, 1st sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except clauses 11, 18, 40, 43, 44 and 69 and schedule 8) (5 speeches)
    First, let me welcome hon. Members on both sides of the Committee to the first sitting of the Finance Bill 2005. I wish to express a particularly warm welcome to new Members. This will be their...
  • Clause 1 - Goods subject to warehousing regime: place of acquisition or supply (3 speeches)
    I beg to move amendment No. 60, in clause 1, page 1, line 7, at end add—   '(1B) The circumstances which may be prescribed in subsection (1A) shall be limited to those where goods are...
  • Clause 2 - Cars: determination of consideration for fuel supplied for private use (9 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 3 - Credit for, or repayment of, overstated or overpaid VAT (4 speeches)
    I beg to move amendment No. 61, in clause 3, page 5, line 8, leave out 'relevant date' and insert 'last day of the month next following the end of the next prescribed accounting period'. The...
  • Clause 6 - Disclosure of value added tax avoidance schemes (31 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 7 - Charge to income tax on lump sum (43 speeches)
    I beg to move amendment No. 64, in clause 7, page 8, line 9, after '(5)', insert 'below'.
  • Clause 8 - Meaning of ''applicable year of assessment'' in section 7 (21 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 12 - Employee securities: anti-avoidance (7 speeches)
    We have amendments to clause 12 under schedule 2.
• Finance Bill, 2nd sitting (0 speeches)
  [Sir Nicholas Winterton in the Chair]
  • (Except clauses 11, 18, 40, 43, 44 and 69 and schedule 8) - Clause 12 - Employee securities: anti-avoidance (4 speeches)
    Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
  • Schedule 2 - Employee securities: anti-avoidance (63 speeches)
    I beg to move amendment No. 1, in schedule 2, page 63, line 13, after 'is', insert 'entered into as part of a scheme or arrangement the main purpose (or one of the main purposes) of which is the...
  • Clause 14 - Income tax deduction for payments to organisations (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 16 - Open-ended investment companies (15 speeches)
    I beg to move amendment No. 13, in clause 16, page 14, line 39, at end insert— '(4) In relation to an open-ended investment company mainly invested in interests or rights over land, the...
• Finance Bill, 3rd sitting (0 speeches)
  [Mr. Frank Cook in the Chair]
  • (Except clauses 11, 18, 40, 43, 44 and 69 and schedule 8) (1 speech)
    I am anxious to ensure that we preserve the most amenable atmosphere for affable exchanges today, so I am happy to allow all members of the Committee to divest themselves of their upper outer...
  • Clause 24 - Deduction cases (43 speeches)
    I beg to move amendment No. 15, in clause 24, page 21, line 4, leave out from 'the' to 'that' in line 5 and insert 'Special Commissioners find, on the balance of probability, following an...
• Finance Bill, 4th sitting (0 speeches)
  [Mr. Frank Cook in the Chair]
  • (Except clauses 11, 18, 40, 43, 44 and 69 and schedule 8) - Clause 24 - Deduction cases (71 speeches)
    Amendment proposed [this day]: No. 15, in clause 24, page 21, line 4, leave out from 'the' to 'that' in line 5 and insert 'Special Commissioners find, on the balance of probability, following an...
  • Schedule 3 - Qualifying Scheme (10 speeches)
    I beg to move amendment No. 46, in schedule 3, page 69, line 18, at end insert 'in so far as it applies to profits or gains not of a capital nature'.
  • Clause 25 - Rules relating to deductions (13 speeches)
    I beg to move amendment No. 32, in clause 25, page 22, line 3, leave out 'no amount is' and insert 'an amount'.  
  • Clause 26 - Receipts cases (7 speeches)
    I beg to move amendment No. 36, in clause 26, page 24, line 6, leave out 'E' and insert 'G'.
  • Clause 27 - Corporation tax starting rate and fraction for financial year 2004 (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 28 - Notices under sections 24 and 26 (13 speeches)
    Amendment made: No. 29, in clause 28, page 26, line 24, leave out 'have been reasonably' insert 'reasonably have been'.—[Mr. Philip Hammond.] Question proposed, That the clause, as...
• Finance Bill, 5th sitting (9 speeches)
  [Sir Nicholas Winterton in the Chair]
  • Clause 31 - Commencement (22 speeches)
    I beg to move amendment No. 49, in clause 31, page 28, line 10, leave out ‘16th March 2005’ and insert ‘31st July 2005’.
  • Clause 32 - Temporary non-residents (7 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 33 - Trustees both resident and non-resident in a year of assessment (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 34 - Location of assets etc (9 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 35 - Exercise of options etc (6 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 36 - Notional transfers within a group (4 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 6 - Accounting practice and related matters (34 speeches)
    I beg to move amendment No. 114, in schedule 6, page 84, line 35, after ‘company’, insert ‘(such accounts being prepared in accordance with generally accepted accounting...
• Finance Bill, 6th sitting (1 speech)
  [Sir Nicholas Winterton in the Chair]
  • Schedule 6 - Accounting practice and related matters (19 speeches)
    Question proposed [this day], That this schedule be the Sixth schedule to the Bill.
  • Clause 38 - Charges on income for the purposes of corporation tax (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 7 - Accounting practice and related matters (71 speeches)
    I beg to move amendment No. 116, in schedule 7, page 88, line 40, at beginning insert ‘In’.
  • Clause 41 - Intangible fixed assets (6 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Schedule 9 - Insurance companies etc (7 speeches)
    I beg to move amendment No. 104, in schedule 9, page 131, leave out lines 1 to 12.
• Finance Bill, 7th sitting (0 speeches)
  [Mr. Frank Cook in the Chair]
  • (Except clauses 11, 18, 40, 43, 44 and 69 and schedule 8) (4 speeches)
    In compliance with my opening remarks last week, which I was told were very precise, I am prepared to accept hon. Members divesting themselves of their upper and outer garments. However, having...
  • Schedule 9 - Insurance companies etc (64 speeches)
    I beg to move amendment No. 105, in schedule 9, page 131, line 1, leave out from beginning to end of line 12.
• Finance Bill, 8th sitting (0 speeches)
  [Frank Cook in the Chair]
  • (Except clauses 11, 18, 40, 43, 44 and 69 and schedule 8) (14 speeches)
    Amendment moved [this day]: No. 110, in schedule 9, page 135, line 21, at end insert— 'Taxation of structural investments of long-term funds of insurance companies 8 (1) After section...
  • Clause 45 - Lloyd's underwriters: assessment (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 46 - Energy Act 2004 and Health Protection Agency Act 2004 (8 speeches)
    I beg to move amendment No. 91, in clause 46, page 38, line 44, at end add 'or (c) the pension rights and entitlements of former employees of UKAEA who are members of pension schemes that were,...
  • Clause 47 - E-conveyancing (11 speeches)
    I beg to move amendment No. 92, in clause 47, page 39, line 11, after ''regulations'', insert 'laid in draft at least 90 days before such regulations would otherwise come into effect'. We now...
  • Clause 48 - Disclosure of information contained in land transaction returns (11 speeches)
    I beg to move amendment No. 93, in clause 48, page 40, line 15, after '1988', insert 'and'.
  • Schedule 10 - Stamp duty land tax: miscellaneous amendments (30 speeches)
    I beg to move amendment No. 95, in schedule 10, page 145, line 7, after 'effect', insert ', (but not so as to make the vendor in relation to the earliest previous transaction the vendor for the...
  • Clause 50 - Power to extend exceptions relating to recognised exchanges (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 51 - Chargeable gains (6 speeches)
    I beg to move amendment No. 148, in clause 51, page 42, line 12, after 'State', insert 'and'.
  • Clause 54 - Loan relationships (5 speeches)
    I beg to move amendment No. 155, in clause 54, page 47, line 28, at end add 'and section 138 of TCGA 1992 (clearance in advance) shall apply to this sub-paragraph as it applies to section 137 of...
  • Clause 55 - Derivative contracts (3 speeches)
    I beg to move amendment No. 157, in clause 55, page 48, line 29, after 'a', insert 'formation of an SE by'. The amendment was drafted to ensure consistency with new paragraph 12B(5) of schedule...
  • Clause 56 - Capital allowances (5 speeches)
    I beg to move amendment No. 159, in clause 56, page 49, line 5, leave out ' a qualifying' and insert 'an'
  • Clause 65 - Restrictions on set-off of pre-entry losses (5 speeches)
    I beg to move amendment No. 161, in clause 65, page 54, line 11, leave out 'resident in the United Kingdom'.
  • Clause 66 - Vehicle excise duty: late renewal supplements (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 67 - Reorganisation of water and sewerage services in Northern Ireland (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 68 - EU Mutual Assistance Directive: notifications (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • New clause 1 - ADVANCE CLEARANCE (0 speeches)
    '(1) This Chapter shall not have effect in respect of any company falling within either section 24(1) or section 26(1), in any case where the commissioners for Her Majesty's Revenue and Customs...
  • New Clause 3 - Treasury consent (13 speeches)
    'Sections 765, 765A, 766 and 767 of ICTA shall cease to have effect from 1st September 2005.'. —[Mr. Philip Hammond.] Brought up, and read the First time.