121

SUPPLEMENT TO THE VOTES AND PROCEEDINGS

Tuesday 8 September 2015 COMMITTEE OF THE WHOLE HOUSE PROCEEDINGS

FINANCE BILL

(Clauses 16, 17, 43 and 45; Schedules 2 and 3; any new clauses and new schedules relating to the subject matter of those clauses or schedules)

CLAUSE 43 AND ANY NEW CLAUSES OR NEW SCHEDULES RELATING TO THE SUBJECT MATTER OF THAT CLAUSE

Chris Leslie Shabana Mahmood Barbara Keeley Catherine McKinnell Alison McGovern Negatived on division 1 Clause 43,page59, line 19, at end add— “(6) The Chancellor of the Exchequer shall, within three months of the passing of this Act, undertake, and lay before both Houses of Parliament, a review of the impact of any further rise in the standard rate of insurance premium tax with particular attention to the impact on— (a) the price charged for insurance policies; and (b) the take-up of insurance policies”

Clause agreed to. 122 Committee of the whole House Proceedings: 8 September 2015

Finance Bill, continued CLAUSE 45 AND ANY NEW CLAUSES OR NEW SCHEDULES RELATING TO THE SUBJECT MATTER OF THAT CLAUSE

Caroline Lucas Stewart Hosie Alison Thewliss Callum McCaig

Michelle Thomson Not selected 2 Page 60,line1, leave out Clause 45

Clause agreed to on division.

Chris Leslie Shabana Mahmood Barbara Keeley Catherine McKinnell Alison McGovern Caroline Lucas Negatived on division NC2 To move the following Clause—

“Report on the removal of the Climate Change Levy exemption (1) No later than 6 months following the passing of this Act the Chancellor of the Exchequer shall publish a report into the effect of the removal of the Climate Change Levy exemption on renewable energy generators. (2) That report must include information about: (a) The effect that the removal of the exemption has had on existing generators (b) The effect that the removal of the exemption has had on projects which were in the planning process (c) The cumulative effect on investor confidence in renewable energy of this change in the context of wider government policy on renewable energy; and (d) The effect of these changes on the ’s ability to meet its climate change targets and commitments.”

Committee of the whole House Proceedings: 8 September 2015 123

Finance Bill, continued CLAUSES 16 AND 17 AND SCHEDULES 2 AND 3, AND ANY NEW CLAUSES OR NEW SCHEDULES RELATING TO THE SUBJECT MATTER OF THOSE CLAUSES AND SCHEDULES

Clauses 16 and 17 agreed to.

Schedule 2 agreed to.

Angus Robertson Stewart Hosie Roger Mullin Alison Thewliss Callum McCaig Negatived on division 3 Schedule 3,page74, line 4, leave out “8%” and insert “the relevant percentage”

Angus Robertson Stewart Hosie Roger Mullin Alison Thewliss Callum McCaig Michelle Thomson Not called 4 Schedule 3,page74, line 7, at end insert— “(1A) For the purposes of subsection (1), the “relevant percentage” is a percentage of the company’s surcharge profits for the period, not exceeding 8%, which the Treasury shall specify in regulations; and such regulations may specify different percentages in respect of different levels of surcharge profits. (1B) Regulations under subsection (1A)— (a) shall be made by statutory instrument, and (b) may not be made unless a draft has been laid before and approved by resolution of the House of Commons.”

John Mann Not selected 5  Schedule 3,page74, line 7, at end insert— “(1A) The surcharge described in subsection (1) shall not apply to any bank or building society with a balance sheet value of less than £25 billion in the last calendar year.”

Schedule agreed to.

Chris Leslie Shabana Mahmood Barbara Keeley Catherine McKinnell Alison McGovern Negatived on division NC1 To move the following Clause— 124 Committee of the whole House Proceedings: 8 September 2015

Finance Bill, continued “Impact of changes to the bank levy rate and of the banking companies surcharge (1) The Chancellor of the Exchequer shall, within three months of the passing of this Act, undertake a review of the overall impact of the changes made by sections 16 and 17 of, and schedules 2 and 3 to, this Act, on: (a) the structure of bank balance sheets; (b) the long-term tax revenue from the banking sector; and (c) competition and diversity within the banking sector. (2) The Chancellor of the Exchequer must lay a copy of the review before both Houses of Parliament.”

Bill to be reported.