Session 2010 - 12
Internet Publications
Other Bills before Parliament
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| | For other Amendment(s) see the following page(s) of Supplement to Votes:
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| | 1641-46, 1647-49 and 1663 |
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| | Scotland Bill, As Amended |
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| | Page 16, line 35 [Clause 24], at end insert— |
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| | | ‘(e) | Chapter 7 provides for an Order in Council to specify, as an additional |
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| | | devolved tax, a tax charged on the profits of companies.’. |
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| | | Tax on profits of companies |
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| | To move the following Clause:— |
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| | | ‘In Part 4A of the 1998 Act (as inserted by section 24), after Chapter 4 (inserted |
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| | | Tax on Profits of Companies |
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| | | 80N | Tax on profits of companies |
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| | | The Secretary of State shall, within one month of the coming into force |
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| | | of section 80B of this Act, lay in accordance with Type A procedure as |
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| | | set out in Schedule 7 to this Act a draft Order in Council which specifies |
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| | | as an additional devolved tax a tax charged on the profits of |
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| | Page 25, line 10 [Clause 32], leave out from ‘may’ to ‘any’ in line 11 and insert |
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| | Page 25, line 15 [Clause 32], at end insert— |
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| | | ‘(1C) | In borrowing any sums under subsection (1A), the Scottish Ministers must have |
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| | | regard to any code of practice agreed by them and the Treasury. |
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| | | (1D) | A code of practice agreed under subsection (1C) may include provision as to— |
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| | | (a) | how the Scottish Ministers are to determine and keep under review how |
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| | | much they can afford to borrow, |
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| | | (b) | the terms and conditions on which sums may be borrowed, |
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| | | (c) | limits on the aggregate at any time outstanding in respect of the principal |
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| | Page 25, line 26 [Clause 32], leave out from beginning to end of line 33. |
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| | Page 25, line 43 [Clause 32], leave out subsection (10). |
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