New Clause 5 — Restrictions on buying capital allowances

Finance Bill (Ways and Means) – in the House of Commons at 10:00 pm on 1 July 2013.

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‘Schedule [Restrictions on buying capital allowances] contains provision amending Chapter 16A of Part 2 of CAA 2001 (restrictions on allowance buying).’—(Mr Gauke.)

Brought up, read the First and Second time, and added to the Bill.

Clause

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.