36. Construction industry scheme

Budget Resolutions and Economic Situation – in the House of Commons at 7:58 pm on 23rd March 2004.

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Motion made, and Question put,

That provision may be made in relation to sub-contractors in the construction industry.

The House divided: Ayes 341, Noes 127.

Division number 102

See full list of votes (From The Public Whip)

Question accordingly agreed to.

37. Employment income etc

Resolved,

That provision (including provision having retrospective effect) may be made amending, or making amendments connected with, the Income Tax (Earnings and Pensions) Act 2003.

38. Income tax (property held jointly by spouses)

Motion made, and Question put,

That provision may be made amending section 282A of the Income and Corporation Taxes Act 1988.

The House divided: Ayes 334, Noes 130.

Division number 103

See full list of votes (From The Public Whip)

Question accordingly agreed to.

39. Enterprise investment scheme

Resolved,

That provision may be made amending Chapter 3 of Part 7 of the Income and Corporation Taxes Act 1988 and Schedule 5B to the Taxation of Chargeable Gains Act 1992.

40. Venture capital trusts

Resolved,

That provision may be made amending Schedule 28B to the Income and Corporation Taxes Act 1988 and repealing section 151A(3) of, and Schedule 5C to, the Taxation of Chargeable Gains Act 1992.

41. Corporate venturing scheme

Resolved,

That provision may be made amending Schedule 15 to the Finance Act 2000.

42. Chargeable gains (gifts relief etc)

Motion made, and Question put,

That provision (including provision having retrospective effect) may be made—

(a) in relation to relief under section 165 or 260 of the Taxation of Chargeable Gains Act 1992, and

(b) as to the meaning of "arrangements" in section 79(5) of that Act.

The House divided: Ayes 287, Noes 163.

Division number 104

See full list of votes (From The Public Whip)

Question accordingly agreed to.

43. Chargeable gains (private residences)

Resolved,

That provision (including provision having retrospective effect) may be made in relation to relief under section 223 of the Taxation of Chargeable Gains Act 1992.

44. Individuals benefited by film relief

Resolved,

That provision (including provision having retrospective effect) may be made in relation to cases where relief is or has been claimed in respect of losses sustained in a trade whose profits or losses were computed in accordance with any of—

(a) sections 40A to 40C of the Finance (No. 2) Act 1992;

(b) sections 41 to 43 of that Act;

(c) section 48 of the Finance (No. 2) Act 1997.

45. Partnerships (income tax)

Resolved,

That provision (including provision having retrospective effect) may be made for the purposes of income tax in relation to individuals who are or have been members of partnerships.

46. Partnerships (corporation tax)

Resolved,

That provision may be made for the purposes of corporation tax in relation to companies which are or have been members of partnerships.

47. Leaseback of assets

Resolved,

That provision may be made for the purposes of income tax and corporation tax about arrangements for the sale and leaseback of assets or the lease and leaseback of assets.

48. Manufactured dividends

Resolved,

That provision (including provision having retrospective effect) may be made in relation to cases where payments are or have been made, or treated as made, which are representative of dividends on shares of companies resident in the United Kingdom.

49. Strips of government securities

Resolved,

That provision (including provision having retrospective effect) may be made in relation to strips, within the meaning of Schedule 13 to the Finance Act 1996.

50. Life policies etc

Resolved,

That provision (including provision having retrospective effect) may be made restricting the amount allowable as a deduction under section 549(1) of the Income and Corporation Taxes Act 1988.

51. Offshore funds

Resolved,

That provision (including provision having retrospective effect) may be made amending the provisions of the Income and Corporation Taxes Act 1988 relating to offshore funds.

52. Offshore installations

Resolved,

That provision may be made amending provisions of the Tax Acts referring to offshore installations and oil rigs.

53. Immediate needs annuities

Resolved,

That provision may be made in relation to contracts for life annuities (whenever entered into).

54. Corporation tax: Health Service bodies

Resolved,

That provision may be made amending section 519A of the Income and Corporation Taxes Act 1988.

55. Pension schemes etc

Resolved,

That provision may be made in relation to pension schemes and similar schemes under which benefits are provided to or in respect of employees or former employees.

56. Petroleum revenue tax(allowable expenditure, receipts etc)

Resolved,

That provision (including provision having retrospective effect) may be made—

(a) in relation to expenditure allowable under the Oil Taxation Act 1975 or the Oil Taxation Act 1983,

(b) in relation to disposal receipts, within the meaning of section 7 of the Oil Taxation Act 1983,

(c) amending section 98 of the Finance Act 1999.

57. Oil extraction activities(tax-exempt tariffing receipts)

Resolved,

That provision (including provision having retrospective effect) may be made amending section 496 of the Income and Corporation Taxes Act 1988.

58. Petroleum revenue tax (allowable expenditure)

Resolved,

That provision may be made amending paragraph 2 of Schedule 4 to the Oil Taxation Act 1975.

59. Petroleum revenue tax (terminal losses)

Resolved,

That provision may be made in place of paragraph 15 of Schedule 17 to the Finance Act 1980.

60. Climate change levy (supplies to producers of commodities)

Resolved,

That provision may be made for the purposes of climate change levy about supplies to producers of commodities.

61. Aggregates levy (transitional tax credit in Northern Ireland: existing scheme)

Resolved,

That—

(1) In section 30A of the Finance Act 2001 after subsection (3) insert—

"(4) The Treasury may by order made by statutory instrument amend subsection (2) above so as to—

(a) change the period in relation to which the amount of a tax credit is to be reduced;

(b) change the amount by which a tax credit is to be reduced.

(5) An order under subsection (4) above shall not be made unless a draft of the order has been laid before Parliament and approved by a resolution of the House of Commons."

(2) This Resolution has effect on and after 1st April 2004.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

62. Aggregates levy (transitional tax creditin Northern Ireland: new scheme)

Resolved,

That provision (including retrospective provision) may be made about tax credits in respect of aggregates levy charged on aggregate subjected to commercial exploitation in Northern Ireland.

63. Stamp duty land tax and stamp duty

Motion made, and Question put,

That provision may be made amending Parts 4 and 5 of the Finance Act 2003.

The House divided: Ayes 322, Noes 15.

Division number 105

See full list of votes (From The Public Whip)

Question accordingly agreed to.