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Schedule 46

Part of Finance Bill – in a Public Bill Committee at 12:30 pm on 23rd June 2009.

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Amendments made: 274, in schedule 46, page 339, leave out lines 21 to 25 and insert—

‘( ) The certificate must—

(a) state whether the company’.

Amendment 275, in schedule 46, page 339, line 28, leave out ‘giving’ and insert ‘if it did not, give’.

Amendment 276, in schedule 46, page 339, line 29, leave out ‘and its subsidiaries (if any)’.

Amendment 277, in schedule 46, page 339, line 30, leave out from ‘arrangements’ to end of line 32.

Amendment 278, in schedule 46, page 339, line 36, after third ‘the’, insert ‘company’s’.

Amendment 279, in schedule 46, page 339, line 38, at end insert—

‘( ) A certificate may relate to more than one qualifying company.’.

Amendment 280, in schedule 46, page 339, line 40, leave out ‘large company must notify the Commissioners’ and insert

‘qualifying company must ensure that the Commissioners are notified’.

Amendment 281, in schedule 46, page 340, line 3, after third ‘the’, insert ‘company’s’.

Amendment 282, in schedule 46, page 340, line 6, at end insert—

‘( ) A notification may relate to more than one qualifying company.’.

Amendment 283, in schedule 46, page 340, line 14, leave out paragraph 6.

Amendment 284, in schedule 46, page 340, leave out lines 37 to 40.

Amendment 285, in schedule 46, page 341, line 6, leave out ‘2 or’.

Amendment 286, in schedule 46, page 341, line 7, leave out ‘6 or’.

Amendment 287, in schedule 46, page 341, line 11, leave out ‘large’ and insert ‘qualifying’.

Amendment 288, in schedule 46, page 341, line 11, leave out ‘it fails to notify the Commissioners of the name’ and insert

‘, for a financial year, the Commissioners are not notified of the name or names’.

Amendment 289, in schedule 46, page 341, line 16, leave out ‘large’ and insert ‘qualifying’.

Amendment 290, in schedule 46, page 341, line 30, leave out ‘large’ and insert ‘qualifying’.

Amendment 291, in schedule 46, page 341, line 40, after third ‘the’ insert ‘company’s’.

Amendment 292, in schedule 46, page 341, line 41, at end insert—

‘( ) HMRC may not assess a person who is the senior accounting officer of a company (“C”) as liable to a penalty under paragraph 5 or 7 for a financial year (“the relevant financial year”) if—

(a) at any time in the relevant financial year the person was the senior accounting officer of another company that was a member of the same group as C, and

(b) HMRC has assessed the person as liable, as the senior accounting officer of the other company, to a penalty under that paragraph for a financial year that ends on a day in the relevant financial year.

( ) HMRC may not assess a company (“C”) as liable to a penalty under paragraph 9 for a financial year (“the relevant financial year”) if—

(a) C was a member of a group at the end of that year, and

(b) HMRC has assessed another company that was a member of the same group as C at that time as liable to a penalty under that paragraph—

(i) for its financial year ending on the same day as the relevant financial year, or

(ii) if its financial year does not end on that day, for its financial year ending last before that day.’.

Amendment 293, in schedule 46, page 342, line 25, leave out ‘6,’.—(Sarah McCarthy-Fry.)