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Finance Bill: Public Bill Committee 19 May 2011

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The Public Bill Committee agreed several government amendments to Schedule 2 (employment income provided by third parties) on 19 May.

Clause 31 (company ceasing to be member of group: availability of relief) and Schedule 7 (investment companies) were also amended.

The following provisions were passed without amendment:

  • Clauses 21-25 (vehicle excise duty, climate change levy, aggregates levy and landfill tax)
  • Clause 26 (employment income provided by third parties)
  • Clause 27 and Sch 3 (tainted charity donations)
  • Clause 28 and Sch 4 (amounts not fully recognised for accounting purposes)
  • Clause 29 (loan relationships involving connected debtor and creditor)
  • Clause 30 and Sch 5 (group mismatch schemes)
  • Clause 32 and Sch 6 (leasing businesses)
  • Clause 33 (long funding finance leases)
  • Clause 34 (investment companies)