Previously called Standing Committees, Public Bill Commitees study proposed legislation (Bills) in detail, debating each clause and reporting any amendments to the Commons for further debate.
There are at least 16 MPs on a Committee, and the proportion of parties reflects the House of Commons, so the government always has a majority.
[Mr. John McWilliam in the Chair]
I beg to move That, during proceedings on the Finance Bill (except Clauses 4, 5, 20, 28, 57 to 77, 86, 111 and 282 to 289 and Schedules 1, 3, 11, 12, 21 and 37 to 39), the Committee do meet at...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
[Sir John Butterfill in the Chair]
Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
[Mr John McWilliam in the Chair]
I beg to move amendment No. 7, in schedule 2, page 257, line 22, at end insert 'and the Treasury shall with any such designation provide details of the circumstances in which they believe such...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 57, in clause 29, page 23, line 35, leave out subsection (4).
Question proposed, That the clause stand part of the Bill.
[Sir John Butterfill in the Chair]
Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
I beg to move amendment No. 9, in clause 31, page 26, line 9, at end insert— '5AA(1) Paragraph 1(2) above does not apply in computing for any chargeable period the profits and losses of a...
I beg to move amendment No. 73, in clause 32, page 30, line 33, leave out '6(3)(a)' and insert '6(2)(a)'.
Mr. Prisk rose—
I beg to move amendment No. 12, in clause 34, page 35, line 29, at end insert— '(fa) in sub-paragraph (4)(c) after ''would apart from section 84A(2) to (10) of this Act'' insert ''and...
I beg to move amendment No. 75, in clause 35, page 36, line 1, leave out first 'paragraph' and insert 'Schedule'.
I beg to move amendment No. 79, in clause 36, page 39, line 18, leave out 'issued by the advantaged person'.
I beg to move amendment No. 26, in clause 37, page 41, line 36, leave out '6th' and insert '1st'.
I beg to move amendment No. 58, in clause 38, page 42, leave out lines 15 to 19. We now move on to the question of management expenses, which is not quite as it sounds. Those members of the...
I beg to move amendment No. 83, in schedule 6, page 277, leave out lines 41 to 45 and insert 'for ''an investment company'', wherever occurring, substitute ''a company with investment...
I beg to move amendment No. 84, in clause 43, page 51, line 22, leave out '41' and insert '46'. The amendment changes an incorrect reference, which became clear after the Bill was published. I...
I beg to move amendment No. 85, in clause 44, page 53, line 29, at beginning insert 'the old'. The amendment is a minor, clarifying one. It makes it clear that when the straddling period rule...
Question proposed, That the clause stand part of the Bill.
[Sir John Butterfill in the Chair]
Clause 47 ordered to stand part of the Bill.
I beg to move amendment No. 86, in schedule 7, page 281, line 42, after first '14' insert ', 17, 22, 31 or 38'.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 53, in schedule 8, page 285, line 38, leave out 'from' and insert 'from— (a)'.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 96, in clause 51, page 58, line 11, leave out second 'and'.
Question proposed, That the clause stand part of the Bill.
[Mr. John McWilliam in the Chair]
Question proposed [this day], That the clause stand part of the Bill. Question put and agreed to. Clause 52 ordered to stand part of the Bill.
I apologise for putting the question on clause 52 as I did earlier. I had a good lunch—not a particularly alcoholic one. We now come to schedule 10. The question is that schedule 10 be the...
I beg to move amendment No. 98, in clause 53, page 59, line 15, at end insert 'such that deductions are available as and when the expenditure is incurred.'. Mr. McWilliam, I welcome you to the...
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 110, in clause 55, page 61, line 1, leave out 'three' and insert 'six'. As hon. Members will know, the clause is about new companies being required to notify the...
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 91, in schedule 13, page 328, line 32, after 'under' insert 'Part 1 or 2 of'. Good afternoon, Mr. McWilliam. I apologise for the fact that the amendment is needed to...
[Mr. John McWilliam in the Chair]
Gentlemen may remove jackets; it is a bit warm today. Of course, ladies do not need ask.Clause 79 Exemption for loaned computer equipment
I beg to move amendment No. 59, in clause 79, page 75, line 21, leave out '£500' and insert '£550'. May I take this opportunity to welcome you to the Chair, Mr. McWilliam, for the...
Question proposed, That the clause stand part of the Bill.
Question proposed, That this schedule be the Fourteenth schedule to the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
[Sir John Butterfill in the Chair]
Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
Amendment made: No. 117, in schedule 15, page 341, line 2, leave out 'in any year of assessment'.—[Dawn Primarolo.]
[Mr. John McWilliam in the Chair]
Amendment proposed: No. 149, in schedule 15, page 348, leave out lines 2 to 8 and insert— '20 (1) This paragraph applies where— (a) a person (''the chargeable person'') would...
Question proposed, That the clause stand part of the Bill.
Question proposed, That this schedule be the Sixteenth schedule to the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
[Sir John Butterfill in the Chair]
Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
I beg to move amendment No. 27, in schedule 19, page 369, line 23, leave out from beginning to end of line 7 on page 370.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
[Mr. John McWilliam in the Chair]
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 30, in schedule 22, page 388, line 28, leave out from beginning to end of line 20 on page 389 and insert— '( ) Where a claim for relief under section 260 has...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 183, in clause 119, page 99, line 30, leave out 'or a member of a limited liability partnership'.
[Mr. John McWilliam in the Chair]
Amendment proposed [this day]: No. 183, in clause 119, page 99, line 30, leave out 'or a member of a limited liability partnership'.—[Mr. Prisk] Question again proposed, That the...
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 190, in clause 125, page 109, line 10, at beginning insert 'relevant'.
I beg to move amendment No. 158, in clause 127, page 112, leave out lines 20 to 23 and insert— '(1) This section applies in relation to the calculation of the lessor's income or profits...
Amendments made: No. 170, in schedule 23, page 391, line 5, after 'subject to' insert 'paragraphs 2 to 8 of'. No. 171, in schedule 23, page 391, line 6, at end insert— '( ) Paragraph...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Amendment made: No. 95, in clause 130, page 120, line 30, leave out '541(d)' and insert '541(1)(d)'.—[Ruth Kelly.] Question proposed, That the clause, as amended, stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 104, in clause 132, page 123, line 3, after 'small', insert 'or medium-sized'.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 192, in clause 135, page 126, line 7, leave out 'the day on which this Act is passed' and insert '17th March 2004'. [R] Relevant registered interest declared.
I beg to move amendment No. 195, in schedule 26, page 414, line 30, at end insert— '(1A) In subsection (3), paragraph (a) replace ''5 per cent'' with ''15 per cent''.'. The investment...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
[Sir John Butterfill in the Chair]
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 198, in clause 140, page 130, line 10, at end insert ', except a personal pension scheme or an arrangement comprising a number of personal pension schemes,'. [R]...
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 207, in clause 142, page 131, line 6, leave out 'cash balance benefits or other'.
I beg to move amendment No. 290, in clause 143, page 132, line 26, at end insert 'and, if the Inland Revenue's decision is not to register the pension scheme, the reasons why the pension scheme...
Question proposed, That the clause stand part of the Bill.
[Mr. John McWilliam in the Chair]
Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
I beg to move amendment No. 297, in clause 150, page 136, line 31, after second 'to' insert 'or in respect of'. The amendment introduces a minor clarification. The clause introduces a rule on...
I beg to move amendment No. 298, in clause 151, page 137, line 31, at end insert '(or who was connected with a member at the date of the member's death)'.
I beg to move amendment No. 292, in clause 152, page 138, line 16, at end insert 'except in prescribed circumstances'.
I beg to move amendment No. 293, in clause 154, page 138, line 39, leave out 'and'.
I beg to move amendment No. 284, in clause 155, page 139, leave out lines 22 to 26 and insert— 'No payment of pension other than— (a) a scheme pension, (b) a lifetime annuity, or (c)...
I beg to move amendment No. 216, in schedule 28, page 421, line 14, leave out subparagraph (1).
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 311, in schedule 29, page 430, line 37, leave out 'amount which is the individual's lifetime allowance in relation to the member' and insert 'member's lifetime allowance'.
[Mr. John McWilliam in the Chair]
Amendment proposed [8 June]: No. 220, in schedule 29, page 430, line 41, leave out 'when' and insert 'on or after the day on which'.—[Mr. George Osborne.] Question again proposed, That...
I beg to move amendment No. 269, in clause 160, page 142, line 24, after 'salaries', insert ', benefits'.
I beg to move amendment No. 279, in clause 161, page 142, line 40, after 'provision', insert 'or in prescribed circumstances,'.
Amendments made: No. 319, in clause 162, page 143, line 38, leave out 'the' and insert 'a'. No. 320, in clause 162, page 143, line 38, at end insert '(3A) A registered pension scheme...
Amendment made: No. 322, in clause 163, page 144, line 22, at end insert '(1A) But if the event or the change in the value of the currency occurs after the member's death (a) the...
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 281, in clause 168, page 145, line 26, at end insert— '(2) A registered scheme may only make a loan to or in respect of a sponsoring employer if it is an...
[Sir John Butterfill in the Chair]
I beg to move amendment No. 426, in clause 171, page 148, line 32, after 'would' insert ', on the valuation assumptions (see section (Valuation assumptions)),'.
I beg to move amendment No. 423, in clause 175, page 150, line 40, at end insert 'but only to the extent that the investments are prescribed as being investments which such a registered pension...
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 323, in clause 178, page 152, line 47, at end insert— '(2A) For the purposes of this section and section 179 relevant UK earnings are to be treated as not...
I beg to move amendment No. 273, in clause 185, page 157, line 27, after 'contributions', insert '(which includes payment of money, a transfer of assets or any other transfer of money's worth)'.
I beg to move amendment No. 282, in clause 186, page 159, line 21, after 'which', insert 'have accrued under the pension scheme to or in respect of members, or (c) benefits which'. The...
Amendment made, No. 427, in schedule 31, page 446, line 2, at end insert— '(2A) Omit the entry relating to section 623.'.—[Ruth Kelly.]
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 336, in clause 195, page 164, line 17, leave out '35%' and insert '32%'.
I beg to move amendment No. 400, in clause 196, page 165, line 4, at end insert ', or (c) in prescribed circumstances.'. This is again a fairly technical amendment. It applies to the limited...
I beg to move amendment No. 428, in clause 197, page 165, line 25, leave out subsection (4).
Amendment made: No. 429, in clause 198, page 166, line 19, leave out subsection (5).—[Ruth Kelly.] Clause 198, as amended, ordered to stand part of the Bill. Clauses 199 and 200 ordered...
Amendments made: No. 430, in clause 201, page 168, line 18, after 'would' insert ', on the valuation assumptions (see section (Valuation assumptions)),'. No. 431, in clause 201, page 168,...
I beg to move amendment No. 403, in clause 205, page 172, line 9, column 1, leave out 'The individual becoming entitled to a scheme pension under any of the relevant pension schemes' and...
I beg to move amendment No. 407, in schedule 32, page 451, leave out lines 1 to 23.
[Sir John Butterfill in the Chair]
Amendment made: No. 435, in clause 206, page 173, line 19, leave out subsection (5).—[Ruth Kelly.] Clause 206, as amended, ordered to stand part of the Bill.
I beg to move amendment No. 415, in clause 207, page 173, leave out line 29 and insert— '(2) The standard lifetime allowance is, for the tax year— (a) 2006–07,...
[Mr. John McWilliam in the Chair]
I beg to move amendment No. 416, in clause 207, page 173, line 32, after 'year', insert 'increased by the percentage increase (if any) in national average earnings over that tax year'.
Amendment made: No. 325, in clause 208, page 175, line 13, at end insert— '(9) In this Part references (however expressed) to the portion of a person's lifetime allowance that is...
Amendments made: No. 436, in clause 211, page 177, line 9, leave out from 'would' to end of line 10 and insert ', on the valuation assumptions (see section (Valuation assumptions)), be...
Amendment proposed: No. 438, in clause 212, page 178, leave out line 10 and insert— (RVFxPE+LSE) - (RVFxPB+LSB) SLA —[Ruth Kelly.]
Amendments made: No. 443, in clause 214, page 180, line 28, leave out from 'would' to third 'the' in line 30 and insert ', on the valuation assumptions (see section (Valuation assumptions)),...
Amendments made: No. 445, in clause 215, page 181, leave out line 23 and insert— (RVF(PE+LSE) - (RVF(PB+LSB) No. 446, in clause 215, page 181, line 26, leave out from first 'the' to...
I beg to move amendment No. 425, in clause 217, page 183, leave out line 2 and insert— '(2) The annual allowance is as follows— (a) for the tax year 2006–07, £215,000 ...
Amendments made: No. 450, in clause 219, page 183, line 36, leave out from 'would' to third 'the' in line 37 and insert ', on the valuation assumptions (see section (Valuation assumptions)),...
Amendments made: No. 452, in clause 223, page 185, line 40, leave out from first 'the' to end of line 41 and insert 'annual rate of the pension which would, on the valuation assumptions (see...
I beg to move amendment No. 422, in clause 224, page 186, line 17, leave out from '223(4)' to end of line 18. Clauses 223 and 224 are about calculating the increase in the value of the defined...
Amendment made: No. 456, in clause 228, page 189, line 3, leave out subsection (4).—[Ruth Kelly.] Clause 228, as amended, ordered to stand part of the Bill. Clauses 229 to 235 ordered...
Amendment made: No. 457, in clause 236, page 194, line 11, leave out from 'to''' to end of line 12.—[Ruth Kelly.] Clause 236, as amended, ordered to stand part of the Bill.
Amendment made: No. 458, in clause 237, page 196, line 15, leave out 'payment' and insert 'provision'.—[Ruth Kelly.] Clause 237, as amended, ordered to stand part of the Bill.
Amendments made: No. 459, in clause 238, page 197, line 4, after 'Revenue' insert ', in a form specified by the Board of Inland Revenue,'. No. 460, in clause 238, page 197, line 19, leave...
Amendments made: No. 462, in clause 239, page 198, line 27, leave out 'payment' and insert 'provision'. No. 463, in clause 239, page 198, line 43, at end insert—[Ruth Kelly.] Clause...
Amendment made: No. 464, in clause 242, page 200, line 42, leave out from 'provision' to end of line 43 and insert 'for and in connection with the making of assessments in respect of— ...
Amendment made: No. 465, in clause 244, page 201, line 41, leave out '£300' and insert '£100'.—[Ruth Kelly.] Clause 244, as amended, ordered to stand part of the Bill. Clause...
Amendment made: No. 466, in clause 246, page 202, line 24, leave out 'of' and insert 'not exceeding'.—[Ruth Kelly.] Clause 246, as amended, ordered to stand part of the Bill. Clauses...
I beg to move amendment No. 419, in clause 254, page 206, line 21, leave out 'and (b)' and insert 'or (b) the scheme administrator reasonably believed that the liability would be met by another...
Amendment made: No. 467, in clause 259, page 211, line 33, leave out subsection (6).—[Ruth Kelly.] Clause 259, as amended, ordered to stand part of the Bill.
Amendments made: No. 468, in clause 260, page 212, line 10, leave out ', and is assessable accordingly,'. No. 469, in clause 260, page 212, line 21, leave out from 'as,' to second 'the' in...
I beg to move amendment No. 420, in clause 263, page 214, line 9, leave out '20' and insert 'the number certified from time to time by the Government Actuary which is appropriate having regard...
Question proposed, That the clause stand part of the Bill.
Amendments made: No. 326, in clause 266, page 215, line 32, at end insert— ' ''NIA 1965'' means the National Insurance Act 1965 (c.51), ''NIA(NI) 1966'' means the National Insurance...
Amendment made: No. 475, in clause 267, page 220, line 10, leave out from 'revocations)' to end of line 11 and insert 'as may appear appropriate in consequence of, or otherwise in connection...
Amendments made: No. 476, in schedule 33, page 458, line 7, after 'paragraph' insert 'do'.— No. 477, in schedule 33, page 458, line 9, after 'applies' insert 'does'.—[Ruth Kelly.]...
[Sir John Butterfill in the Chair]
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 371, in schedule 34, page 465, line 3, leave out sub-paragraph (2) and insert— '(2) Any modifications of the rules of a pension scheme made by the regulations...
Question proposed, That the clause stand part of the Bill.
[Mr. John McWilliam in the Chair]
Question proposed [this day], That the clause stand part of the Bill. Question again proposed.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 157, in clause 277, page 231, line 14, leave out '2012' and insert '2011'. This is an important but relatively small amendment. As drafted, the clause would mean that...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment No. 554, in clause 290, page 241, line 20, after 'enable' insert 'or might be expected to enable'.
Amendment proposed: No. 555, in clause 291, page 241, line 30, leave out from 'of' to end of line 32 and insert 'a relevant business'.—[Dawn Primarolo.]
I beg to move amendment No. 368, in clause 292, page 242, line 6, after 'period', insert 'of not less than 30 days'.
Amendment made: No. 561, in clause 293, page 242, line 34, leave out 'in the prescribed manner'.—[Dawn Primarolo.] Clause 293, as amended, ordered to stand part of the Bill.
Amendment made: No. 562, in clause 294, page 243, line 1, leave out 'in the prescribed manner'.—[Dawn Primarolo.] Question proposed, That the clause, as amended, stand part of the Bill.
Amendment made: No. 563, in clause 295, page 243, line 10, at end insert— '( ) The allocation of a reference number to any notifiable arrangements (or proposed notifiable arrangements)...
Amendment made: No. 564, in clause 296, page 243, line 16, leave out 'in the prescribed form'.—[Dawn Primarolo.] Clause 296, as amended, ordered to stand part of the Bill.
Amendments made: No. 565, in clause 297, page 243, line 29, leave out 'at the prescribed time or times'. No. 566, in clause 297, page 243, line 30, leave out 'in the prescribed form and...
I beg to move amendment No. 369, in clause 298, page 244, line 22, at end insert 'but Legal Professional Privilege does not subsist in a way in which prevents compliance with this part of the...
I beg to move amendment No. 370, in page 246, line 39, leave out '1st August 2004' and insert '1st October 2004'. As I understand it, the Government have already accepted the point raised by the...
[Sir John Butterfill in the Chair]
I beg to move amendment No. 548, in clause 303, page 247, line 14, leave out '8th September 2003' and insert 'the date six months after this Act shall have received Royal Assent.'.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
'(1) Each of the provisions of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (c.1) (employment income: securities) specified in subsection (2) (exception from charges for certain...
'(1) Section 446E of the Income Tax (Earnings and Pensions) Act 2003 (c.1) (employee securities with artificially depressed market value: charge on restricted securities) is amended as follows....
'(1) Subsection (3) below applies if— (a) section 125 applies as a result of a receipt on or after 17 March 2004, by a company that is or has been a member of a partnership, of any...
'For the purposes of this Part the valuation assumptions in relation to a person and any benefits are— (a) if the person has not reached such age (if any) as must have been reached to...
'Regulations under section 11 of the National Debt Act 1972 (c.65) (power of Treasury to make regulations as to raising of money under auspices of Director of Savings) may repeal any provision...
'After section 118ZK of the Taxes Act 1988 (inserted by section 119) there is inserted— ''Partnerships exploiting films 118ZL Partnerships exploiting films (1) Where (apart from this...
'(1) The Income Tax (Earnings and Pensions) Act 2003 (c.1) is amended as follows. (2) Omit section 421G (exclusion from Chapters 2 to 4 of Part 7 of shares awarded or acquired under approved...
'(1) Section 421F of the Income Tax (Earnings and Pensions) Act 2003 (c.1) (exclusion from Chapters 2 to 4 of Part 7 of shares acquired under terms of offer to the public) is amended as follows....
'(1) Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (c.1) (employment income: securities) is amended as follows. (2) In section 421C(2) (meaning of ''relevant linked person'' for...
'The information required by section 292(1) or (3), 293(1), 294, 296(1) or 297(1) must be provided in a form and manner specified by the Board.'.—[Dawn Primarolo.] Brought up, read the...
New Clause 4Expenditure incurred on assets leased by small or medium-sized enterprise
'(1) The Capital Allowances Act 2001 is amended as follows. (2) For subsection 44(1), substitute— ''(1) Expenditure is first-year qualifying expenditure if— (a) it is incurred...
(1) The Capital Allowances Act 2001 is amended as follows. (2) In section 23(2) after ''section 29 (fire safety)'' insert— ''29A (ramps for disabled access)'' (3) After section 29...
'(1) The Inheritance Tax Act 1984 is amended as follows. (2) After section 18 insert— ''Transfers of real property between joint occupier 18A (1) A transfer on death shall be an...
Amendments made: No. 553, in schedule 40, page 564, line 17, at end insert— '( ) Employment-related securities and options Short title and chapter Extent of repeal Income Tax (Earnings...
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