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Finance Bill

Secondary information

Type

Parliamentary proceeding

Reference

435 c22-128 

Session

2005-06

Department

Treasury

Legislative stage

Committee stage

Chamber / Committee

House of Commons chamber

Related items

Finance Bill
Wednesday, 25 May 2005
Bills
House of Commons

Proceeding contributions

John Bercow | 435 c41 (Link to this contribution) Will the hon. Gentleman give way?

John Bercow | 435 c41 (Link to this contribution) We all want the hon. Gentleman to move on, but we also want clarity, if not too much of it. The hon...

Show all contributions (206)

Chris Bryant | 435 c41 (Link to this contribution) I was going to move on to the next amendment, but I shall give way to the hon. Member for Buckingham...

Chris Bryant | 435 c41 (Link to this contribution) If the hon. Gentleman had not intervened, we would hear the ministerial reply rather sooner. I am gr...

Stephen Hammond | 435 c41-2 (Link to this contribution) Does the hon. Gentleman object to the principle of amendment No. 1 or the number to which it refers?...

Chris Bryant | 435 c42 (Link to this contribution) It is the principle that I object to, not the number. As the hon. Gentleman said earlier when he con...

Rob Marris | 435 c42 (Link to this contribution) I agree with my hon. Friend the Member for Rhondda (Chris Bryant) that there is a question of princi...

Stephen Hammond | 435 c42 (Link to this contribution) As I said earlier, I support amendment No. 35. There is no contradiction at all.

Rob Marris | 435 c42 (Link to this contribution) It is helpful to know that the hon. Gentleman continues to support amendment No. 35, despite my exeg...

Chris Bryant | 435 c39 (Link to this contribution) I am not sure that the hon. Gentleman is right in his final assertion that smaller museums and galle...

Philip Dunne | 435 c39 (Link to this contribution) I have another interest to declare in that I am a director of a bookshop, and I hope that I can help...

Chris Bryant | 435 c41 (Link to this contribution) I am grateful for your admonition, Mrs. Heal. The Mappa Mundi has been made by man, and is therefor...

Chair of Committees of the Whole House | 435 c41 (Link to this contribution) Order. I urge all hon. Members to concentrate on the amendments. We are straying wide of this group ...

Philip Dunne | 435 c41 (Link to this contribution) The Mappa Mundi has featured prominently in our debate. It is a map, and maps are not necessarily ca...

Chris Bryant | 435 c40-1 (Link to this contribution) Absolutely. I agree wholeheartedly. My second point is that the other significant expansion over th...

Gordon Banks | 435 c40 (Link to this contribution) To pick up on the point made by the hon. Member for Ludlow (Mr. Dunne) about the increased sales in ...

Chris Bryant | 435 c40 (Link to this contribution) I take the admonition, Mrs. Heal.

Chair of Committees of the Whole House | 435 c40 (Link to this contribution) Order. The debate is stretching wide of the amendments.

Chris Bryant | 435 c39-40 (Link to this contribution) I am grateful to the hon. Gentleman for correcting that. I was merely trying to argue against the id...

Chris Bryant | 435 c37 (Link to this contribution) It is important for us to consider the amendments in the context of the dramatic expansion of the nu...

Chris Bryant | 435 c38 (Link to this contribution) I have not given way quite yet. I will give way to the hon. Gentleman now.

Chris Bryant | 435 c39 (Link to this contribution) The Victoria and Albert Museum used to describe itself as a great caff with a museum attached. I do ...

John Bercow | 435 c38-9 (Link to this contribution) I am grateful to the hon. Gentleman for determining the precise point at which the giving way takes ...

Adam Afriyie | 435 c37-8 (Link to this contribution) It is clear from listening to the debate and the contribution that I made last time round that this ...

Chris Bryant | 435 c38 (Link to this contribution) I will give way—

John Bercow | 435 c38 (Link to this contribution) Will the hon. Gentleman give way?

Lord Dodds of Duncairn | 435 c39 (Link to this contribution) I am following the hon. Gentleman’s argument with interest. He refers to museums like the Victoria a...

Baroness Kramer | 435 c35 (Link to this contribution) My interest is in trying to draw up a provision that will encourage people to bring in youngsters, w...

Chris Bryant | 435 c34-5 (Link to this contribution) Surely the point is that the provisions are about financial dependents, and that cannot be extended ...

Baroness Kramer | 435 c34 (Link to this contribution) Most of the top-rate taxpayers I have met would be unlikely to spend the energy to find sufficient f...

Helen Goodman | 435 c34 (Link to this contribution) Is the hon. Lady saying that she supports amendment No. 1 about"““an accompanying group of no more t...

Philip Dunne | 435 c36-7 (Link to this contribution) I support amendments Nos. 36 and 1. In common with many other Members, I declare an interest as a me...

Doug Henderson | 435 c35-6 (Link to this contribution) I have only one short point to make, but first I declare an interest as a member of the National Tru...

Baroness Kramer | 435 c35 (Link to this contribution) The hon. Gentleman gives me the opportunity to say that the direction shown by the amendment is one ...

Philip Dunne | 435 c37 (Link to this contribution) To answer on behalf of my hon. Friend the Member for Wimbledon, I think that the word ““accompany”” ...

Helen Goodman | 435 c37 (Link to this contribution) We have heard much about queues in the debate, but how would this amendment stop people—some would b...

Rob Marris | 435 c32-3 (Link to this contribution) The hon. Lady may find that extraordinary, but I find her proposition extraordinary. For example, I ...

Baroness Kramer | 435 c33 (Link to this contribution) We shall have to agree to disagree, because I think that there will be a significant impact on the i...

Chris Bryant | 435 c33 (Link to this contribution) I wonder whether the hon. Lady’s argument is accurate. The national museum of Welsh life just outsid...

Baroness Kramer | 435 c33 (Link to this contribution) I think that we have gone round this subject long enough. It is entirely appropriate to ask an attr...

John Bercow | 435 c34 (Link to this contribution) Given the hon. Lady’s desire that the period of the right of admission should be reduced to three mo...

Baroness Kramer | 435 c33-4 (Link to this contribution) That is a risk that most small museums could not take. Museums funded by the Government can perhaps ...

Mark Francois | 435 c34 (Link to this contribution) I thank the hon. Lady for her courtesy in giving way again. There is no separate Liberal Democrat am...

Baroness Kramer | 435 c34 (Link to this contribution) I take the hon. Gentleman’s point. The one-month period would provide more protection from someone w...

Baroness Kramer | 435 c34 (Link to this contribution) I can confirm that that would be the case—[Interruption.] Well, it is progressive.

Rob Marris | 435 c32 (Link to this contribution) I am reflecting carefully on what the hon. Lady is saying, but it strikes me that if there is a queu...

Baroness Kramer | 435 c32 (Link to this contribution) I suggest that such provisions should be tested out with the experience of time. Hon. Members, who o...

Mark Francois | 435 c32 (Link to this contribution) I hear what the hon. Member for Wolverhampton, South-West (Rob Marris) says, but does the hon. Membe...

Baroness Kramer | 435 c32 (Link to this contribution) I thank the hon. Gentleman for saying that, because I believe that those on the ground are usually b...

Stephen Hammond | 435 c30 (Link to this contribution) The amendment in question is not mine, so perhaps the hon. Gentleman should have sought clarificatio...

Baroness Kramer | 435 c30-1 (Link to this contribution) I shall speak primarily to amendment No. 35, but I shall also say a few words about amendments Nos. ...

Rob Marris | 435 c31 (Link to this contribution) Is it not already the case that small museums have to explain gift aid provisions? The people paying...

Baroness Kramer | 435 c31-2 (Link to this contribution) The hon. Gentleman will know that many taxpayers frequently make donations and often understand the ...

Stephen Hammond | 435 c30 (Link to this contribution) I can give two practical examples. The museum that I visited on Saturday contains a working scale mo...

Rob Marris | 435 c30 (Link to this contribution) That deals with ““interactive””, but will the hon. Gentleman say a little more about the second word...

Rob Marris | 435 c30 (Link to this contribution) Will the hon. Gentleman clarify what an interactive display or exhibition is? I have my own views—I ...

Mark Francois | 435 c22-9 (Link to this contribution) It is a pleasure to open the batting for the Opposition this afternoon on the first clause of the Fi...

Stephen Hammond | 435 c29-30 (Link to this contribution) I declare an interest, as a member of the Wimbledon Society, which has a small museum. I wish to sp...

Mark Francois | 435 c22 (Link to this contribution) I beg to move amendment No. 36, page 11, line 40, at end insert—

Chair of Committees of the Whole House | 435 c22 (Link to this contribution) With this it will be convenient to discuss the following amendments: No. 35, in clause 11, page 12,...

Chair of Committees of the Whole House | 435 c127 (Link to this contribution) Order. I hesitate to interrupt the Minister again, but may I ask him to confine his remarks to the a...

Ivan Lewis | 435 c126-7 (Link to this contribution) Thank you, Mrs. Heal. In any debate about the black hole in the economy, it is interesting to see h...

Mark Francois | 435 c128 (Link to this contribution) Having opened for the Opposition on clause 11 at 3.30 pm, I am pleased to be the alpha and omega of ...

Ivan Lewis | 435 c127-8 (Link to this contribution) Thank you, Mrs. Heal. I always bow to the Chair—especially when you are in it, if you do not mind me...

Mark Francois | 435 c122-4 (Link to this contribution) I beg to move amendment No. 37, in page 58, line 38, at end insert—

Lord Risby | 435 c122 (Link to this contribution) The hon. Gentleman says, ““I think””. Perhaps he would like to explain the rules. The hon. Gentleman...

Chair of Committees of the Whole House | 435 c126 (Link to this contribution) Order. I am afraid that the scope of the debate is not that wide.

Ivan Lewis | 435 c126 (Link to this contribution) We have had a fascinating debate, which we started at about 3.30 this afternoon. Having already ackn...

Baroness Kramer | 435 c126 (Link to this contribution) The Minister is well aware that consumer advocacy agencies have been very pleased with the transfer ...

Brooks Newmark | 435 c125-6 (Link to this contribution) The abolition of a dedicated complaints service for national savings and its placing under the volun...

Mark Francois | 435 c125 (Link to this contribution) I thank you for that guidance, Mrs. Heal, and I will of course abide by it. The hon. Gentleman’s c...

Chair of Committees of the Whole House | 435 c125 (Link to this contribution) Order. This is not strictly relevant to the amendment that we are discussing. Perhaps I might sugges...

Mark Francois | 435 c124-5 (Link to this contribution) I congratulate the hon. Gentleman on participating in this debate. We have been waiting for hours fo...

Adam Price | 435 c119-20 (Link to this contribution) Amendment No. 4 gives us an opportunity to raise the general issue of the benefits of fiscal competi...

Adam Price | 435 c120 (Link to this contribution) Does the Conservative and Unionist party support our proposal to devolve corporation tax, so that we...

John Bercow | 435 c120 (Link to this contribution) The case for tax competition is indeed compelling. However, let me put it politely and in a spirit o...

Chair of Committees of the Whole House | 435 c120 (Link to this contribution) Order. I suggest that the hon. Gentleman does not allow himself to be led down that line of argument...

John Bercow | 435 c120 (Link to this contribution) I put it to the hon. Gentleman that there is one important difference between his party and mine. Hi...

John Healey | 435 c121 (Link to this contribution) More than 20 countries have adopted controlled foreign company legislation including nine European U...

Adam Price | 435 c120-1 (Link to this contribution) I am grateful for that form of protectionism, Sir Michael. I think that I will draw my comments to a...

John Healey | 435 c121 (Link to this contribution) The hon. Gentleman follows these matters closely enough to know that the Advocate-General’s opinion ...

Adam Price | 435 c121 (Link to this contribution) Is there not a preliminary opinion by the Advocate-General that the CFC rules breach the treaty and ...

Stephen Pound | 435 c122 (Link to this contribution) I think.

Lord Risby | 435 c122 (Link to this contribution) I am afraid that I do not follow what the Minister is saying. He says that the CFC rules would be in...

John Healey | 435 c117 (Link to this contribution) Clause 43 makes a minor technical change to the rules on double taxation relief to ensure consistenc...

Chair of Committees of the Whole House | 435 c117 (Link to this contribution) Order. Perhaps those hon. Members who are not going to take part in the debate will leave the Chambe...

John Healey | 435 c117 (Link to this contribution) We announced our intention to make that minor change on 31 January, when we published the draft of w...

Lord Risby | 435 c117 (Link to this contribution) Amendment No. 1 focuses on the fact that certain cases in the ECJ mean that various provisions of UK...

Lord Risby | 435 c117 (Link to this contribution) We must know more about the importance of the ECJ to the application of UK law, because examples now...

Lord Risby | 435 c119 (Link to this contribution) Cadbury Schweppes, for example, is taking the test case for the group litigation order on this point...

Chair of Committees of the Whole House | 435 c119 (Link to this contribution) Order. Conversations are breaking out throughout the House. The House must listen to the hon. Gentle...

Lord Risby | 435 c118-9 (Link to this contribution) The measure is partially retrospective. [Hon. Members: ““Which amendment?””] I am discussing amendme...

Chair of Committees of the Whole House | 435 c118 (Link to this contribution) Order. The hon. Gentleman has referred to amendments Nos. 1 and 2 in his opening remarks, but we are...

Lord Hammond of Runnymede | 435 c105 (Link to this contribution) This has been an interesting debate, if a little lopsided in its geometry around the schedule. I sup...

Chair of Committees of the Whole House | 435 c105 (Link to this contribution) Order. I am happy to allow a debate on this schedule being the eighth schedule to the Bill, but I ho...

John Healey | 435 c103-4 (Link to this contribution) I do not want to return to clause 11, which was being discussed when the hon. Gentleman asked his qu...

Mark Field | 435 c104-5 (Link to this contribution) The Minister will be glad to know that the Opposition will withdraw the amendments. In part, they we...

Chair of Committees of the Whole House | 435 c113 (Link to this contribution) I ask the Serjeant at Arms to investigate the delay in the No Lobby.

Lord Risby | 435 c116-7 (Link to this contribution) The clause amends the European Commission parent/subsidiary directive and is purely technical. It pr...

Stephen Hammond | 435 c105-11 (Link to this contribution) I am certain that you will guide me, Sir Michael, if I seem to be falling into that trap. We are di...

John Healey | 435 c111-3 (Link to this contribution) We have had an extensive debate on the schedule, and the hon. Gentleman has made an extensive speech...

Adam Afriyie | 435 c97 (Link to this contribution) My background is in business. There are many small and medium-sized businesses in the UK, including ...

John Healey | 435 c94-5 (Link to this contribution) The hon. Member for Runnymede and Weybridge (Mr. Hammond) is right that amendment No. 18 would remov...

Lord Hammond of Runnymede | 435 c89-94 (Link to this contribution) I beg to move amendment No. 18, in page 125, line 45, leave out from beginning to end of line 23 on ...

Lord Hammond of Runnymede | 435 c88-9 (Link to this contribution) The Financial Secretary just said that when lending was on an at arm’s-length basis, the rules will ...

John Healey | 435 c88 (Link to this contribution) The principle is clear and well established. When lending is done on an at arm’s-length basis, the r...

Mark Field | 435 c96-7 (Link to this contribution) The amendments relate to definitional elements of small and medium-sized businesses. They deal with ...

Chair of Committees of the Whole House | 435 c96 (Link to this contribution) With this it will be convenient to discuss the following amendments: No. 21, in page 127, line 5, le...

Mark Field | 435 c96 (Link to this contribution) I beg to move amendment No. 26, in page 126, line 23, at end insert—

Lord Hammond of Runnymede | 435 c95-6 (Link to this contribution) The key point in the Minister’s response was his last—namely, that discussions are ongoing. Until th...

Lord Hammond of Runnymede | 435 c88 (Link to this contribution) Will the Financial Secretary talk about the situation in which a bank’s corporate lending department...

John Healey | 435 c87-8 (Link to this contribution) I hesitated a little before speaking, because I noticed the activity of the Opposition Whip among th...

Philip Dunne | 435 c86-7 (Link to this contribution) : I support the amendment moved by my hon. Friend the Member for Runnymede and Weybridge (Mr. Hammon...

John Healey | 435 c79 (Link to this contribution) No, I am making a more general point that there is plenty of guidance and experience on the operatio...

Lord Hammond of Runnymede | 435 c79 (Link to this contribution) The Financial Secretary referred to the existing rules and guidance and said that they will apply eq...

Lord Hammond of Runnymede | 435 c80 (Link to this contribution) My hon. Friend talks of people avoiding an excessive amount of tax. Whatever language we may use, do...

Theresa Villiers | 435 c79 (Link to this contribution) Transfer pricing is horrendously complex and we have heard that it is one of the most common areas o...

Lord Hammond of Runnymede | 435 c81-3 (Link to this contribution) I apologise for my hesitation in rising. I had understood through the usual channels that more inspi...

Theresa Villiers | 435 c80 (Link to this contribution) Absolutely. One crucial aspect is the role played by the private sector in bringing investment into ...

Lord Hammond of Runnymede | 435 c83-5 (Link to this contribution) I beg to move amendment No. 16, in page 125, line 35, at end insert—

Mark Field | 435 c101-2 (Link to this contribution) Amendment No. 20 would render the entire previous debate redundant, as it seeks not to make any amen...

Chair of Committees of the Whole House | 435 c101 (Link to this contribution) With this it will be convenient to discuss the following amendments: No. 27, in page 127, line 26, l...

Adam Afriyie | 435 c103 (Link to this contribution) Earlier today, I asked for quantitative evidence of some of the items that are being discussed. I as...

John Healey | 435 c102-3 (Link to this contribution) The hon. Gentleman is right to say that the private equity business is strong in the UK. Indeed, it ...

John Healey | 435 c99-100 (Link to this contribution) I shall try to explain why we have drafted schedule 8 in this way and, by extension, why the Opposit...

Adam Afriyie | 435 c99 (Link to this contribution) My apologies, Sir Michael, for making an incorrect intervention earlier. I am beginning to find my f...

Mark Field | 435 c100-1 (Link to this contribution) Again, I thank my hon. Friend the Member for Windsor (Adam Afriyie) for his brief contribution. He a...

Chair of Committees of the Whole House | 435 c97 (Link to this contribution) Order. The hon. Gentleman must take his seat when the Chair rises to speak. May I just tell him gent...

Mark Field | 435 c97-9 (Link to this contribution) Thank you for your indulgence, Sir Michael. I thank my hon. Friend the Member for Windsor (Adam Afri...

Adam Afriyie | 435 c45 (Link to this contribution) Will the Economic Secretary tell us about the research and the facts and figures that he used to ana...

Ivan Lewis | 435 c43-5 (Link to this contribution) When I was appointed Minister with responsibility for adult skills in the Department for Education a...

Philip Dunne | 435 c46 (Link to this contribution) Will the Economic Secretary quantify how many charities are likely to be affected positively or nega...

Ivan Lewis | 435 c45-6 (Link to this contribution) My hon. Friend the Financial Secretary was described as reasonable for the way in which he dealt wit...

Mark Francois | 435 c46 (Link to this contribution) Before the Economic Secretary writes his letter in response to the reasonable question of my hon. Fr...

Ivan Lewis | 435 c46 (Link to this contribution) I cannot do that now, but I shall write to the hon. Gentleman. We will have a comprehensive list of ...

Greg Knight | 435 c46 (Link to this contribution) Many of us are interested in this important point. Rather than merely writing to my hon. Friend the ...

Ivan Lewis | 435 c46 (Link to this contribution) I just said that. I said that it is impossible to know the exact number of charities that are affect...

Rob Marris | 435 c42-3 (Link to this contribution) The hon. Gentleman has made my point for me—it is difficult to interpret tax legislation in terms of...

David Heath | 435 c57 (Link to this contribution) On a point of order, Sir Nicholas. The hon. Gentleman does not appear to be referring to the amendme...

Lord Risby | 435 c56-7 (Link to this contribution) I very much regret that the Liberal Democrats failed to put down any amendments, and that is that. ...

Chair of Committees of the Whole House | 435 c57 (Link to this contribution) I am satisfied that the hon. Member for West Suffolk (Mr. Spring) is talking in a general way to the...

Rob Marris | 435 c56 (Link to this contribution) : Conversely, some of us are somewhat amazed at the number of questions that the hon. Gentleman has ...

Lord Risby | 435 c55-6 (Link to this contribution) The clause allows for changes to the system of taxing collective investment funds to be undertaken b...

David Heath | 435 c56 (Link to this contribution) Perhaps the hon. Gentleman assumes that there will be no stand part debate and that my hon. Friend t...

Lord Risby | 435 c56 (Link to this contribution) If the hon. Gentleman will be patient, I shall address the amendments specifically.

Mark Francois | 435 c51 (Link to this contribution) Forgive me, Sir Nicholas—I thank you for that guidance. Because the Government have effectively acce...

Chair of Committees of the Whole House | 435 c55 (Link to this contribution) With this it will be convenient to discuss amendment No. 3, in clause 18, page 17, line 21, at end i...

Lord Risby | 435 c54-5 (Link to this contribution) I beg to move amendment No. 2, in clause 18, page 17, line 9, at end insert—

Ivan Lewis | 435 c46-7 (Link to this contribution) I welcome the right hon. Gentleman to the Chamber. Perhaps he has been in the Library reading letter...

Chair of Committees of the Whole House | 435 c51 (Link to this contribution) May I ask the hon. Gentleman what Her Majesty’s Opposition intend to do about amendment No. 36? Do t...

Mark Francois | 435 c49-51 (Link to this contribution) I think that I can genuinely say that this has been an informative debate and I thank all who have c...

Ivan Lewis | 435 c49 (Link to this contribution) No, I am not accepting the amendment. What I said was that the definition of the term ““family”” in ...

Stephen Hammond | 435 c49 (Link to this contribution) Is the Minister suggesting that a charity can choose to define ““family”” as a group accompanying th...

Ivan Lewis | 435 c49 (Link to this contribution) I did not entirely follow the question. May I ask the hon. Gentleman to intervene again?

Stephen Hammond | 435 c49 (Link to this contribution) : Is the Minister saying that the charity can define ““family”” to include anyone within a group, bu...

Ivan Lewis | 435 c48-9 (Link to this contribution) I understand entirely my hon. Friend’s concern, and any regulation or guidance must be consistent wi...

Judy Mallaber | 435 c48 (Link to this contribution) The National Tramway Museum in my constituency, on whose behalf I have lobbied on this issue, is ple...

Ivan Lewis | 435 c48 (Link to this contribution) They will appear as soon as possible, when we can sit down with those affected and make sure that we...

Mark Francois | 435 c47-8 (Link to this contribution) Effectively, the Minister has said that he has accepted our amendment No. 36 in that the guidelines ...

Rob Marris | 435 c63 (Link to this contribution) It was mentioned that France set up REITs in 2002—I hope the Committee forgives me if I misremember ...

Theresa Villiers | 435 c63-4 (Link to this contribution) I am not aware of the statistics, but other factors are likely to be in play. I cannot see any evide...

Brooks Newmark | 435 c64 (Link to this contribution) I have been thinking about the question asked by the hon. Member for Wolverhampton, South-West (Rob ...

Chair of Committees of the Whole House | 435 c64 (Link to this contribution) Order. For the benefit of new Members, may I point out that interventions are meant to be quite brie...

Theresa Villiers | 435 c64 (Link to this contribution) I am grateful to my hon. Friend the Member for Braintree (Mr. Newmark) for his well-informed contrib...

Ivan Lewis | 435 c64-5 (Link to this contribution) This has been an important and interesting debate. The hon. Member for West Suffolk (Mr. Spring) beg...

Chris Huhne | 435 c65 (Link to this contribution) The key point is that tax-paying investors may believe that they are investing in a fund that will n...

Ivan Lewis | 435 c65-6 (Link to this contribution) It is reasonable to ask us to make the consequences quite clear. I do not believe that the hon. Gent...

Ivan Lewis | 435 c66-7 (Link to this contribution) I entirely reject the hon. Gentleman’s contention. We believe that the United Kingdom remains a loca...

Chair of Committees of the Whole House | 435 c59 (Link to this contribution) I call Mr. David Howarth—[Hon. Members: ““Chris Huhne.””] I apologise to the hon. Member for Eastlei...

Chris Huhne | 435 c59-61 (Link to this contribution) Your apology was most gracious, Sir Nicholas, although there was no need for it, given the circumsta...

Lord Risby | 435 c57-9 (Link to this contribution) Thank you, Sir Nicholas. If the Government are going to reform the taxation of all collective inves...

Brooks Newmark | 435 c62 (Link to this contribution) I want to touch on the impact that the current tax regime has on real estate investment trusts, whic...

Theresa Villiers | 435 c62 (Link to this contribution) I, too, support the amendments. The key issue is real estate investment trusts, as mentioned by a nu...

Lord Risby | 435 c61 (Link to this contribution) I apologise if I am pre-empting the hon. Gentleman. Will he deal with the subject of REITs, which is...

Chris Huhne | 435 c61-2 (Link to this contribution) Both amendments are sensible and we support them. The hon. Gentleman perhaps knows from my remarks o...

Rob Marris | 435 c63 (Link to this contribution) What does the hon. Lady think would happen to land values in the United Kingdom if we allow REITs to...

Theresa Villiers | 435 c63 (Link to this contribution) I do not think that REITs would have a significant impact on land values. It is not easy to predict ...

John Healey | 435 c76-7 (Link to this contribution) I pay tribute to the reflective and serious way in which the hon. Member for Runnymede and Weybridge...

Lord Hammond of Runnymede | 435 c77 (Link to this contribution) Is the Financial Secretary saying that, where parties act together in the financing arrangements for...

John Healey | 435 c77 (Link to this contribution) The hon. Gentleman is drawing too wide a definition. The provisions of the schedule are for transact...

Lord Hammond of Runnymede | 435 c77 (Link to this contribution) A specific example came to me as the Financial Secretary was answering my intervention. Were the inv...

Lord Hammond of Runnymede | 435 c69 (Link to this contribution) I beg to move amendment No. 10, in page 124, line 23, leave out

Chair of Committees of the Whole House | 435 c69-70 (Link to this contribution) With this it will be convenient to discuss the following amendments: No. 8, in page 124, leave out ...

Lord Hammond of Runnymede | 435 c70-6 (Link to this contribution) Schedule 8 is complicated—it deals with the financing of private equity finance companies and the lo...

John Healey | 435 c77-8 (Link to this contribution) No, such a transaction would, in my judgment, be well beyond those related to the financing of the c...

Lord Hammond of Runnymede | 435 c78 (Link to this contribution) Is not the other practical effect that, without clear guidelines, people entering into such relation...

John Healey | 435 c78-9 (Link to this contribution) I appreciate the general argument that business prefers certainty and that businesses are looking fo...

Lord Risby | 435 c68 (Link to this contribution) Twenty years.

Ivan Lewis | 435 c68 (Link to this contribution) If it has taken 20 years, the hon. Gentleman’s party bears some responsibility; indeed, he is expres...

Brooks Newmark | 435 c68 (Link to this contribution) While the Minister waits, the message is clear: people are moving to other tax regimes. Today, next ...

Ivan Lewis | 435 c68 (Link to this contribution) It is clearly a point of consensus that we want to resolve the issue as quickly as possible and that...

Lord Risby | 435 c67-8 (Link to this contribution) That issue is at the heart of the amendments, and I simply do not understand the following point. ...

Ivan Lewis | 435 c68 (Link to this contribution) Before we resolve the question, we must be convinced that there will be a fair regime that does not ...

Ivan Lewis | 435 c69 (Link to this contribution) Further to that point of order, Mrs. Heal, I thank the hon. Gentleman for that clarification. In t...

Chair of Committees of the Whole House | 435 c69 (Link to this contribution) The original point was not a point of order. None the less, the correction is now on the record.

Lord Risby | 435 c68-9 (Link to this contribution) Incompetence has nothing to do with macro-economic policy—it concerns putting things in the Library....

Mark Francois | 435 c69 (Link to this contribution) On a point of order, Mrs. Heal, in our earlier debate on clause 11, I cited Mr. Bill Ferris as the c...

Chris Bryant | 435 c38 (Link to this contribution) The hon. Gentleman is really putting a question to the Minister, not me. As he was speaking, a pictu...

Chair of Committees of the Whole House | 435 c117 (Link to this contribution) With this it will be convenient to discuss amendment No. 5, in page 36, line 7, after ‘account’, ins...

Stephen Hammond | 435 c85-6 (Link to this contribution) As a mere equity investor and equity analyst, I have followed the discussion with some difficulty, b...

Mark Field | 435 c101 (Link to this contribution) I beg to move amendment No. 20, in page 126, line 25, leave out paragraph 2.

John Bercow | 435 c42 (Link to this contribution) The hon. Gentleman is a magnificent anorak—he is even more pedantic than I am in such matters. He ha...

Chris Bryant | 435 c35 (Link to this contribution) The hon. Lady is making an important point about the variety of places where we might want to encour...

David Leslie Taylor | 435 c124 (Link to this contribution) Unless I have missed something, the thrust of the Opposition’s criticism of the Government’s financi...

Lord Risby | 435 c117 (Link to this contribution) I beg to move amendment No. 4, in page 35, line 37, at end insert—

Chris Huhne | 435 c66 (Link to this contribution) I return to the key point: a very substantial group of investors will steer clear of such things. Th...

Subjects

Complaints Disclosure of information Admissions Charities Companies Corporation tax Charitable donations Finance EU law Investment Exemptions Interest payments Gift aid Ownership Museums and galleries Property Loans Open ended investment companies Small businesses Tax avoidance Taxation Transfer pricing Financial Ombudsman Service National Savings and Investments Collective investment schemes

Legislation

Finance Bill 2005-06

Link

View this Parliamentary proceeding on www.publications.parliament.uk