Policy paper

Finance Bill 2016: Public Bill Committee

Explanatory Notes and Notes on Resolutions for government amendments and resolutions in Public Bill Committee of Finance Bill 2016

Documents

Notes on Resolutions

Note on Resolutions

Details

The government tabled the following amendments for the Public Bill Committee of Finance Bill 2016. These are accompanied by an Explanatory Note, Note on Resolution and Tax Information and Impact Note (TIIN) where applicable.

  • Amendments 127-133 to Clause 5 and Schedule 1: Dividend nil rate and abolition of dividend tax credits etc
  • Amendment 135 to Clause 22: Pension flexibility
  • Amendments 43-49 to Clause 37: Income carried interest
  • Amendments 20-21 to clause 40: Deduction of income tax at source: tax avoidance
  • Amendments 50-121 to clause 60: Profits from the exploitation of patents etc
  • Amendments 13-19 to clause 82: Inheritance tax: increased nil-rate band
  • Amendments 122-126 to clause 86: Estate duty: objects of national, scientific, historic or artistic interest
  • Amendments 22-24 to Clause 88: Charge to apprenticeship levy
  • Amendment 25 to Clause 90: Connected companies
  • Amendment 26 to Clause 90: Connected companies
  • Amendment 27 to Clause 91: Connected charities
  • Amendment 28 to clause 109: General interpretation
  • Amendments 29-42 to clause 117: Higher rates for additional dwellings etc
  • New clause 7: Receipts from intellectual property: dividend profits tax
  • New clause 8: Deduction of income tax as source: intellectual property
  • New clause 9: Receipts from intellectual property: territorial scope
  • New clause 10: Tax Information and Impact Note
  • New Clause 10: Stamp Duty: acquisition of target company’s share capital
  • New Clause 11: Corporation tax: territorial scope etc.
  • New Clause 12: Corporation tax: transactions in UK land
  • New Clause 13: Income tax: territorial scope etc.
  • New Clause 14: Income tax: transactions in UK land
  • New Clause 15: Pre-trading expenses
  • New Clause 16: Commencement and transitional provision: sections Corporation tax: territorial scope etc, Corporation tax: transactions in UK land, and Pre-trading expenses
  • New Clause 17: Commencement and transitional provision: sections Income tax: transactions in UK land, and Income tax: territorial scope etc *New Clauses 11-17: Tax Information and Impact Note (TIIN)
  • Notes on Resolutions
  • Note on Resolutions
Published 28 June 2016
Last updated 1 August 2016 + show all updates
  1. Updated: New Clause 10: Tax Information and Impact Note and New Clause 10: Stamp Duty: acquisition of target company’s share capital
  2. Updated the attachment of 'New Clause 10: Stamp Duty: acquisition of target company’s share capital' due to faulty email address.
  3. Updated with: New Clause 11: Corporation tax: territorial scope etc. New Clause 12: Corporation tax: transactions in UK land New Clause 13: Income tax: territorial scope etc. New Clause 14: Income tax: transactions in UK land New Clause 15: Pre-trading expenses New Clause 16: Commencement and transitional provision: sections Corporation tax: territorial scope etc, Corporation tax: transactions in UK land, and Pre-trading expenses New Clause 17: Commencement and transitional provision: sections Income tax: transactions in UK land, and Income tax: territorial scope etc New Clauses 11-17: Tax Information and Impact Note (TIIN)
  4. Updated with: - New clause 7: Receipts from intellectual property: dividend profits tax - New clause 8: Deduction of income tax as source: intellectual property - New clause 9: Receipts from intellectual property: territorial scope - New clause 10: Stamp Duty: acquisition of target company’s share capital - New Clause 10: Tax Information and Impact Note (TIIN)
  5. First published.