Finance Bill - continued        House of Lords
PART III, INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX - continued

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Members of parliaments and assemblies
EU travel expenses.     51. - (1) In section 200 of the Taxes Act 1988 (expenses of Members of Parliament), in subsection (2), for the words from "the cost of" to "Strasbourg" substitute "EU travel expenses" and after that subsection insert-
 
 
    "(3) For the purposes of subsection (2) above "EU travel expenses" are the cost of, and any additional expenses incurred in, travelling between the United Kingdom and-
 
 
    (a) any European Union institution in Brussels, Luxembourg or Strasbourg, or
 
    (b) the national parliament of another member State.".
      (2) This section has effect in relation to sums paid on or after 1st April 1999.
 
Scottish Parliament and devolved assemblies.     52. - (1) Schedule 5 to this Act, which makes amendments the effect of which is-
 
 
    (a) to treat members of the Scottish Parliament, the National Assembly for Wales and the Northern Ireland Assembly in the same way, for tax purposes, as members of Parliament, and
 
    (b) to treat certain office holders under the Scotland Act 1998, the Government of Wales Act 1998 and the Northern Ireland Act 1998 in the same way, for tax purposes, as holders of ministerial and other offices,
  shall have effect.
 
      (2) The amendments made by that Schedule have effect for the year 1999-00 and subsequent years of assessment.
 
 
Sub-contractors in the construction industry
Exemption certificates.     53. - (1) Sections 562 to 565 of the Taxes Act 1988 (exemption certificates for the scheme for sub-contractors in the construction industry) shall have effect in relation to any application to which this section applies, and shall be deemed always to have had effect in relation to such an application-
 
 
    (a) with the substitution of the subsection set out in subsection (2) below for the subsection (2B) inserted in section 562 by paragraph 4(3) of Schedule 27 to the Finance Act 1995 (which defined the payments to be taken into account in assessing turnover for the purposes of exemption); and
 
    (b) as if paragraphs 3 to 5 of Schedule 8 to the Finance Act 1998 (which extended the description of payments for certain cases) had not been enacted.
      (2) That subsection is as follows-
 
 
    "(2B) In subsection (2A) above "relevant payments" means payments under contracts relating to, or to the work of individuals participating in the carrying out of, any operations which-
 
 
    (a) are of a description specified in subsection (2) of section 567; but
 
    (b) are not of a description specified in subsection (3) of that section,
  other than so much of the payments as represents the direct cost to the person receiving the payments of materials used or to be used in carrying out the operations in question."
 
      (3) This section applies to any application for the issue or renewal of a certificate under section 561 of the Taxes Act 1988 which is or has been made with respect to any period beginning on or after 1st August 1999.
 
 
Reverse premiums
Tax treatment of reverse premiums.     54. - (1) Schedule 6 to this Act (tax treatment of receipts by way of reverse premium) has effect.
 
      (2) The provisions of that Schedule apply in relation to a reverse premium (within the meaning of that Schedule) received on or after 9th March 1999, unless it is a payment or other benefit to which the recipient was entitled immediately before that date.
 
      (3) In determining whether a payment or benefit was one to which the recipient was entitled immediately before 9th March 1999, no account shall be taken of any arrangements made on or after that date.
 
 
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