The Public Bill Committee has completed its consideration of Finance Bill 2013. Amendments were agreed to cl 219 (international agreements to improve tax compliance), and a new cl 4 (contribution allowances: plant and machinery) was added to the Bill.
The following were agreed without amendment: cl 217 and Sch 45 (controlled foreign companies etc); cl 218 (agreement between UK and Switzerland); cl 220 (disclosure of tax avoidance schemes); cl 221 and Sch 46 (powers under Proceeds of Crime Act 2002); cl 222 (definition of ‘goods’ for certain customs purposes); cl 223 (power to detain goods); cl 224 (penalty instead of forfeiture of larger ships); cl 225 (data-gathering from merchant acquirers etc); cl 226 and Sch 47 (corporation tax: deferral of payment of exit charge); cl 227 and Sch 48 (penalties: late filing, late payment and errors); cl 228 (overpayment relief: generally prevailing practice exclusion and EU law); cl 229 (overpayment relief: time limit for claims); cl 230 and Sch 49 (self-assessment: withdrawal of notice to file etc); cl 231 (interpretation); cl 232 (short title).
The remaining Commons stages will take place on 1 and 2 July 2013. The Finance Bill must receive Royal Assent by 18 July (when the Commons rises for summer recess).
The Public Bill Committee has completed its consideration of Finance Bill 2013. Amendments were agreed to cl 219 (international agreements to improve tax compliance), and a new cl 4 (contribution allowances: plant and machinery) was added to the Bill.
The following were agreed without amendment: cl 217 and Sch 45 (controlled foreign companies etc); cl 218 (agreement between UK and Switzerland); cl 220 (disclosure of tax avoidance schemes); cl 221 and Sch 46 (powers under Proceeds of Crime Act 2002); cl 222 (definition of ‘goods’ for certain customs purposes); cl 223 (power to detain goods); cl 224 (penalty instead of forfeiture of larger ships); cl 225 (data-gathering from merchant acquirers etc); cl 226 and Sch 47 (corporation tax: deferral of payment of exit charge); cl 227 and Sch 48 (penalties: late filing, late payment and errors); cl 228 (overpayment relief: generally prevailing practice exclusion and EU law); cl 229 (overpayment relief: time limit for claims); cl 230 and Sch 49 (self-assessment: withdrawal of notice to file etc); cl 231 (interpretation); cl 232 (short title).
The remaining Commons stages will take place on 1 and 2 July 2013. The Finance Bill must receive Royal Assent by 18 July (when the Commons rises for summer recess).
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