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Index of Amendments

S.C.A.

NOTICES OF AMENDMENTS

given up to and including

Friday 27th April 2001


New Amendments handed in are marked thus *

STANDING COMMITTEE A

FINANCE BILL

(Except Clauses 1 to 3 and 16 to 53 and Schedules 4 to 11)


   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

11

Clause     57,     page     43,     line     9,     leave out from '(vehicle)' to end of line 16.

   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

12

Clause     57,     page     43,     line     12,     leave out 'and' and insert 'or'.

   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

9

Clause     57,     page     44,     line     8,     at end insert—

    '197AAG.—(1) An employee is entitled to passenger carriage relief for a tax year if the employee uses a qualifying vehicle for business travel and while using that qualifying vehicle for business travel, he carries one or more qualifying passengers in it; and either

    (a) no passenger payments are paid to him for the vehicle in question for that tax year; or

(b) the total amount of all the passenger payments made to him for the kind of vehicle in question for the tax year is less than the approved amount for passenger payments applicable for that kind of vehicle.

    (2) Subsection (1) above does not apply if

    (a) the employee is a passenger in the vehicle, or

    (b) the vehicle is a company vehicle.

    (3) The amount of passenger carriage relief to which an employees is entitled for a tax year is—

    (a) if subsection (1)(a) above applies, the approved amount for passenger payments applicable to the kind of vehicle in question;

    (b) if subsection (1)(b) above applies, the difference between the total amount of all the passenger payments made to the employee for the vehicle in question and the approved amount for passenger payments applicable to that kind of vehicle.

    (4) In this section "passenger payments" and "qualifying passenger" have the meanings given them by section 197AE.'.

   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

10

Clause     57,     page      44,     line     31,     at end insert—

    '197AAH. (1) Passenger carriage relief to which an employee is entitled for a tax year is given effect as follows.

    (2) Section 197AG shall apply for the purposes of passenger carriage relief as it applies for the purposes of mileage allowance relief.'.


   

Mr Andrew Smith

30

*Schedule     12,     page     142,     line     43,     leave out from 'subsection (1),' to end of line 44 and insert 'after "provisions of this Chapter" insert "and sections 197AD and 197AE".'.


   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

7

Clause     58,     page     45,     line     7,     at end insert—

    '(2A) Before 6th April 2002 a person may apply to the inspector for the issue of a nil liability notice for the year 2002-03 in relation to the expenses noted in subsection (2) above.'.


   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

8

Clause     59,     page     45,     line     46,     at end insert ', but income tax shall not be payable until such time as the asset in question is disposed of by the employee'.


   

Mr James Clappsion
Mr Howard Flight
Mr Peter Luff

13

Clause     60,     page     46,     line     13,     leave out from 'vehicle' to end of line 15 and insert 'provided by an employer for the collection and carriage of more than one employee on qualifying journeys'.


   

Mr Oliver Letwin
Mr Richard Ottaway
Mr James Clappsion
Mr Howard Flight
Mr Peter Luff

14

Schedule     13,     page      146,     line     2,     at end insert—

'Meaning of "salary"

    .—(1) In paragraph 48 after "(PAYE)" insert "or which would be if that individual were within the scope of Schedule E", after "(expenses and benefits in kind)" add "or which would have been had the individual been within the scope of Schedule E".

    (2) This paragraph shall be deemed to have had effect from the passing of the Finance Act 200.'.

   

Mr Oliver Letwin
Mr Richard Ottaway
Mr James Clappison
Mr Howard Flight
Mr Peter Luff

15

Schedule     13,     page     146,     line     2,     at end insert-

'Accumulation periods for partnership share awards

    (1) In paragraph 41 there shall be added-

    "(5) It shall not cause an award of partnership shares to cease to satisfy the requirements of this Schedule if where the completion of a qualifying period (within the meaning of paragraph 14) falls after the commencement of the accumulation period, an employee is made an award of partnership shares on the same terms as would have applied at the start of the accumulation period save for a rateable reduction in the number of partnership shares available to him to reflect the proportion of the accumulation period which has expired by the completion of his qualifying period.

(6) It shall not cause an award of partnership shares to cease to satisfy the requirements of this Schedule if—

    (a) prior to the commencement of the accumulation period an employee indicates that he would be willing to participate in that award during that accumulation period, but not from its commencement; and

    (b) during that accumulation period an employee enters into a partnership share agreement on the terms which would have applied from the commencement of the accumulation period save for a rateable reduction in the number of partnership shares available to him to reflect the proportion of the accumulation period which has expired by the date of entry into the agreement.".'.

   

Mr Oliver Letwin
Mr Richard Ottaway
Mr James Clappison
Mr Howard Flight
Mr Peter Luff

16

Schedule     13,     page     147,     line     3,     at end insert—

'Employer's national insurance contributions

    Where an employee incurs—

    (a) a charge to income tax on an award of free shares or matching shares pursuant to paragraph 81(2); or

    (b) a charge to income tax on an award of partnership shares pursuant to paragraph 86(2);

    then notwithstanding any other enactment or provision, for the purposes of subsection 1(b) of section 6 to the Social Security Contributions and Benefits Act 1992 (charge to employer's Class 1 national insurance contributions) the amount of earnings in determining any charge to secondary Class 1 national insurance contributions shall be taken as the market value of the shares in question on the date they were first awarded to the employee.'.


   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

17

Schedule     14,     page     147,     line     37,     at end insert—

'Indexation of amounts

    .—(1) If the retail price index for the month of September preceding a year of assessment is higher than it was for the previous September, then, unless Parliament otherwise determines, paragraph 10(1)(a), paragraph 11(1) and paragraph 16(1) shall apply for that year as if each amount specified in them as they applied for the previous year (whether by virtue of this paragraph or otherwise) there were substituted an amount arrived at by increasing the amount for the previous year by the same percentage as the percentage increase in the retail price index, and

    (a) if in the case of an amount specified in paragraph 10(1)(a) and paragraph 11(1) the result is not a multiple of £10,000, rounding it up to the nearest amount which is such a multiple;

    (b) if in the case of the amount specified in paragraph 16(1) the result is not a multiple of £100,000, rounding it up to the nearest amount which is such a multiple.

    (2) The treasury shall in each year of assessment make an order specifying the amounts which by virtue of sub-paragraph (1) above will be treated as specified for the following year of assessment in paragraphs 10(1)(a), 11(1) and 16(1).'.

   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

18

Schedule     14,     page     147,     line     37,     at end insert—

'The gross assets requirement

    In paragraph 16 (the gross assets requirement), in sub-paragraph (1) and (2) in each case for "£15 million" substitute "£20 million".'.

   

Mr James Clappison
Mr Howard Flight
Mr Peter Luff

19

Schedule     14,     page     147,     line     37,     at end insert—

'Excluded trades

    (1) For paragraph 19 substitute—

    "19 The following are excluded activities—

    (a) advertising and publicising the policies of Her Majesty's Government;

    (b) the conduct of surveys or polls as to the opinions of members of the public (or any section of them) on any subject (whether by interview in person or by telephone or through the medium of a group discussion focussed upon any particular subject);

    (c) estate agency;

    (d) consultancy as to the arrangement of objects or artefacts within any living space (where based upon the principles of any non-European philosophy);

    (e) fashion modelling (the provision of individuals engaged wholly or mainly for the purpose of displaying, whether or not to the public, items of clothing); and

    (f) the publication of newspapers (including magazines or other periodicals, but not journals of a technical or scientific nature).".

    (2) Leave out sub-paragraph (2) of paragraph 19 and paragraphs 20 to 26 inclusive.'.

 
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Prepared 27 Apr 2001