Schedule 40 - Repeals

Finance Bill – in a Public Bill Committee at 11:15 am on 24th June 2004.

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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 and Pensions) Act 2003 (c.1)

Section 421G.

Section 429(5).

Section 443(5).

Section 446R(5).

Section 449(4).

In section 519(1), the word ''and'' at the end of paragraph (a).

In section 524(1), the word ''and'' at the end of paragraph (a).

Section 701(2)(c)(ii).

Finance Act 2003 (c.14) In Schedule 21, paragraph 18(4).

1. The repeals in sections 429, 443, 446R and 449 of the Income Tax (Earnings and Pensions) Act 2003 have effect in accordance with section (Employee-controlled companies and unconnected companies)(8).

2. The remaining repeals have effect in accordance with section (Approved plans and schemes)(11).'.

No. 501, in

schedule 40, page 570, line 12, at end insert—

'In section 58(2), the words ''part of or'' and the words ''fund or'' (in both places).'.

No. 502, in

schedule 40, page 572, line 13, at end insert—

'In section 566(4), the entry relating to section 623.'.

—[Dawn Primarolo.]

Question proposed, That this schedule, as amended, be the Fortieth schedule to the Bill.

Photo of Harry Cohen Harry Cohen Labour, Leyton and Wanstead

On the top of page 565, there is what looks like a reduction in child support provision, albeit a limited one. Will the Paymaster General give me a note in due course to explain the position?

New clause 14, which was in my name, was not chosen for debate, although if it had been, I would have given a passionate and persuasive speech. When the Paymaster General writes to me, could she also embrace the new clause and tell me the Government's position on it?

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

I am happy to write to my hon. Friend. He did not give me notice of his point, and I could not find the relevant part of the schedule fast

enough, but I am more than happy to write to him and to ensure that all members of the Committee receive a copy of the letter.

Question put and agreed to.

Schedule 40, as amended, agreed to.

Clauses 309 and 310 ordered to stand part of the Bill.

Question proposed, That the Chairman do now report the Bill, except clauses 5, 20, 28, 57 to 77, 86, 111 and 282 to 289, and schedules 1, 2, 11, 12, 21 and 37 to 39, as amended, to the House.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

On a point of order, Sir John. As we conclude the Committee stage of the Finance Bill, I wish to put on record my thanks to you and to Mr. McWilliam for the excellent way in which you guided us through our considerations. I also wish to thank the hon. Members for Arundel and South Downs, for Chichester, for Hertford and Stortford (Mr. Prisk) and for Tatton (Mr. Osborne), whose contributions to the debates produced lively exchanges across the Room. I thank them for the good-humoured but businesslike way in which they approached the discussions. I thank the hon. Members for Yeovil and for Torridge and West Devon, who also played an active part in the Committee.

To the Clerks, thank you—as ever—for ensuring that we knew which amendments we were debating at each point and that we dealt with them in a sensible order. I also thank the Hansard staff, the police officers, the messengers and the Officers of the House for their assistance.

To my hon. Friends the Financial Secretary and the Economic Secretary, I offer heartfelt thanks for their contributions and assistance both in this Committee and when we return to the House. I sincerely thank my hon. Friend the Member for Wolverhampton, South-West (Rob Marris), who is unable to be here this morning, for the help that he has given Ministers and for proof that members of the Committee do actually read Bills. I thank my hon. Friend the Member for Ealing, North, who had such an important role in reporting to the hon. Member for Grantham and Stamford (Mr. Davies) what the hon. Member for Tatton had to say about his non-attendance at this Committee.

I thank my hon. Friends the Members for Stalybridge and Hyde (James Purnell) and for West Bromwich, East (Mr. Watson) for their support of Ministers in this Committee. My hon. Friends the Members for Rhondda (Chris Bryant), for Elmet (Colin Burgon), for Leyton and Wanstead (Harry Cohen), for Dagenham (Jon Cruddas), for Liverpool, Riverside (Mrs. Ellman), for Barnsley, East and Mexborough (Jeff Ennis), for Rochdale (Mrs. Fitzsimons), for Ashton-under-Lyne (Mr. Heyes), for Scarborough and Whitby (Lawrie Quinn) and for South Derbyshire (Mr. Todd) can now have their diaries back, although they were desperate to be with us.

Finally, I particularly thank the Government Whip, my hon. Friend the Member for Poplar and Canning Town (Jim Fitzpatrick), and the Opposition Whip, the hon. Member for Hexham (Mr. Atkinson), for the businesslike, fair, steady, sober pace at which we considered the Bill, and for the skilful manner in which they enabled us to undertake manoeuvres and deliver success at the end. I sincerely hope that England's players follow the same practice this evening and skilfully go through to the next round of the European cup.

Photo of Mr Howard Flight Mr Howard Flight Shadow Chief Secretary To the Treasury, Economic Affairs, Shadow Chief Secretary to the Treasury

Further to that point of order, Sir John. I second those comments and particularly thank you, and ask you to relay our thanks to Mr. McWilliam, for your very amiable, professional and efficient chairing of our deliberations. I also thank the Clerks. I notice that Frank Cranmer is here. As hon. Members know, the work on a Finance Bill is much harder on the Opposition side, and we are very grateful for his help with the drafting as well as the organisation of our amendments.

I thank my colleagues, who have done a great deal of work, for their support and the professional way in which they handled those parts of the Bill for which they were responsible.

I particularly congratulate the Paymaster General. What stoicism—her 10th Finance Bill. I congratulate her and the two other Ministers on their professional presentation and handling of the Bill. The work has been long and hard for everyone. We all appreciate the

fact that the Bill was not timetabled this year and that, as a result, we covered the whole Bill within the allotted time.

I add my thanks to the police, the reporters, the ushers and the doorkeepers. I also thank and congratulate the hon. Members for Torridge and West Devon and for Yeovil, who have been solid supporters of most of the Opposition's arguments. I congratulate everyone on toiling away effectively through a very long and hard-worked Bill.

Photo of David Laws David Laws Shadow Chief Secretary to the Treasury

I, too, thank you, Sir John, and your co-Chairman, Mr. McWilliam, for your skilful and tolerant chairmanship of our proceedings in the past few weeks. We have enjoyed debating the various issues and, on the whole, our Front-Bench exchanges have been very constructive. I also thank the Clerk and all the other officials who have contributed, and the outside advisers who have provided us with ammunition and guidance.

During lunch, I shall check my attendance record against the Paymaster General's. If I have a better record, I shall write to her. If not, she may not hear from me.

Photo of John Butterfill John Butterfill Conservative, Bournemouth West

It has been a great pleasure to have had the opportunity to chair such a good-natured Committee. This is my 14th Finance Bill, so masochism knows no bounds.

Question put and agreed to.

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, as amended, to be reported.

Committee rose at twenty-three minutes to Twelve o'clock.