Orders of the Day — Value Added Tax Bill [Lords] – in the House of Commons at 11:47 pm on 21 July 1983.
Item No.
1. The disposal of an object with respect to which estate duty is not chargeable by virtue of section 30(3) of the Finance Act 1953, section 34(1) of the Finance Act 1956 or the proviso to section 40(2) of the Finance Act 1930.
2. The disposal of an object with respect to which capital transfer tax is not chargeable by virtue of section 32(3)(a), or (4), 34(6)(a), or the words following paragraph (b) of section 34(6) of the Finance Act 1975.
3. The disposal of property with respect to which capital transfer tax is not chargeable by virtue of section 78(4) of the Finance Act 1976.
4. The disposal of an asset in a case in which any gain accruing on that disposal is not a chargeable gain by virtue of section 147(2) of the Capital Gains Tax Act 1979.'
The order was made on 31 May, after the Dissolution of the previous Parliament and came into force on that day. It was not laid before the House until we assembled on 15 June and the 40 days during which it may be prayed against do not expire until next Monday. It is, of course, theoretically possible that it will be prayed against and thus cease to be law. In that case, it would be wrong for the Bill, when enacted, to contain provisions along the lines of the amendment. I therefore undertake that matters will be arranged in such a way that the Bill will not be presented for Royal Assent until after Monday and that in what I regard as the highly improbable event of a prayer against the order the Bill will be brought back for the amendment to be deleted.
