The Public Bill Committee met for the first time on Thursday 4 June. Clauses 1 to 20 were passed, and the Committee approved the Government amendments to loan charge cls 15 and 17, as expected.
On Tuesday 9 June, the Committee passed the following clauses without amendment:
cl 21 (pensions annual allowance taper)
cl 22 and Sch 2 (entrepreneurs’ relief: reduction in lifetime limit and renaming the relief)
cl 23 (private residence relief)
cl 24 and Sch 3 (corporate capital losses)
cl 25 (quarterly instalment payments)
cl 26 (relief from CGT for loans to traders)
cl 27 (increase in RDEC)
cls 28, 29 and Schedule 4 (structures and buildings allowance increase, and technical amendments)
cl 30 (IFAs from related parties)
cl 31 and Sch 5 (non-UK residents carrying on UK property business)
cl 32 (surcharge on banking companies, transferred-in losses)
cl 33 and Sch 6 (CT payment plans: transactions with group company resident in other EEA state)
cl 34 (leases accounting standards)
cl 35 (EIS: knowledge-intensive funds)
cl 36 (life insurance top slicing relief)
cl 37 (share loss relief: extension beyond UK).
The Committee was next due to sit on Thursday 11 June when it was expected to consider the digital services tax clauses.
The CIOT runs a live blog on the Committee proceedings.
The Public Bill Committee met for the first time on Thursday 4 June. Clauses 1 to 20 were passed, and the Committee approved the Government amendments to loan charge cls 15 and 17, as expected.
On Tuesday 9 June, the Committee passed the following clauses without amendment:
cl 21 (pensions annual allowance taper)
cl 22 and Sch 2 (entrepreneurs’ relief: reduction in lifetime limit and renaming the relief)
cl 23 (private residence relief)
cl 24 and Sch 3 (corporate capital losses)
cl 25 (quarterly instalment payments)
cl 26 (relief from CGT for loans to traders)
cl 27 (increase in RDEC)
cls 28, 29 and Schedule 4 (structures and buildings allowance increase, and technical amendments)
cl 30 (IFAs from related parties)
cl 31 and Sch 5 (non-UK residents carrying on UK property business)
cl 32 (surcharge on banking companies, transferred-in losses)
cl 33 and Sch 6 (CT payment plans: transactions with group company resident in other EEA state)
cl 34 (leases accounting standards)
cl 35 (EIS: knowledge-intensive funds)
cl 36 (life insurance top slicing relief)
cl 37 (share loss relief: extension beyond UK).
The Committee was next due to sit on Thursday 11 June when it was expected to consider the digital services tax clauses.
The CIOT runs a live blog on the Committee proceedings.
