Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 4 June 1964.
Mr Peter Rawlinson
, Epsom
12:00,
4 June 1964
I beg to move Amendment No. 55, in page 16, line 29, to leave out from "allowable" to the end of line 35, and to insert:
and one or more subsequent payments are made by the same person under the same lease, that part of the first-mentioned payment may be carried forward and treated for the purposes of computing the profits or gains or losses of the trade for the purposes of income tax as if it were made at the time when the next of those subsequent payments was made,
and so made for the period for which that subsequent payment was made.
It might be for the convenience of the Committee, Mr. Blackburn, if with this Amendment we discussed Amendment No. 56 and Amendments Nos. 65 and 66, which affect Clause 18.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.
Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.
In the end only a handful of amendments will be incorporated into any bill.
The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.
