Clause 197 - Unauthorised payments charge

Finance Bill – in a Public Bill Committee at 4:45 pm on 15th June 2004.

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Photo of Ruth Kelly Ruth Kelly Financial Secretary, HM Treasury 4:45 pm, 15th June 2004

I beg to move amendment No. 428, in

clause 197, page 165, line 25, leave out subsection (4).

Photo of John Butterfill John Butterfill Conservative, Bournemouth West

With this it will be convenient to discuss Government amendments Nos. 429, 435, 456, 457, 464, 467, 468, and 470.

Photo of Ruth Kelly Ruth Kelly Financial Secretary, HM Treasury

The amendments centre on the regulation-making power in clause 242. The regulations, which I have sent in draft to members of the Committee, will allow the Inland Revenue to make assessments of some of the new tax charges in the new

regime, such as the unauthorised payments charge and the scheme sanction charge. The amendments give additional clarity to the regulation-making power, setting out in clause 242 precisely which charges are to be covered.

Seven of the other eight amendments in the group merely remove from other clauses some redundant references. Amendment No. 470 ensures that any assessment raised on a scheme member under the clause relates properly to the liability assumed by that member. The amendments ensure that the regulation-making power is adequate and clear. I therefore commend them to the Committee.

Amendment agreed to.

Clause 197, as amended, ordered to stand part of the Bill.