With this it will be convenient to discuss the following:
“(1) The Chancellor of the Exchequer shall, within six months of the passing of this Act, lay an independent report of the value for money provided by, and the efficacy of, the Patent Box legislation before both Houses of Parliament.
(2) The report shall—
(a) assess the size and nature of the companies taking advantage of the Patent Box legislation;
(b) assess the impact of the Patent Box legislation on research and innovation in the UK, including supporting evidence; and
(c) assess the cost effectiveness of the Patent Box legislation in incentivising research and development compared to other policy options.”
New clause 11—Assessment of taxation regime for securitisation companies—
“The Chancellor of the Exchequer shall, within six months of the passing of this Act, commission an independent assessment of the efficacy of the taxation regime to which securitisation companies are subject and lay the assessment before both Houses of Parliament.”
Amendment 177, page 87, line 6, leave out clause 44.
Amendment 162, page 87, line 8, ‘leave out clause 45.
Government amendments 152, 153, 1 to 29, 154, 31, 155, 33 to 59, 156, 61 to 113, 157, 115 to 117, 158, 159, 119 to 128, 160, 129 to 131.