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FB 2014 continues through Public Bill Committee

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On 29 April and 1 May, a Public Bill Committee passed the following Finance Bill provisions without amendment: cl 2 (basic rate limit 2015/16 and personal allowances 2015); cl 3 (starting rate for savings and savings rate limit); cl 4 (indexation of limits and allowances under ITA 2007); cl 8 (CG

On 29 April and 1 May, a Public Bill Committee passed the following Finance Bill provisions without amendment: cl 2 (basic rate limit 2015/16 and personal allowances 2015); cl 3 (starting rate for savings and savings rate limit); cl 4 (indexation of limits and allowances under ITA 2007); cl 8 (CGT annual exempt amount 2014/15); cl 9 (CGT annual exempt amount 2015/16 onwards); cl 10 and Sch 2 (temporary increase in annual investment allowance); cl 12 (recommended medical treatment); cl 13 (relief for loan interest: loan to buy interest in close company); cl 14 (relief for loan interest: loan to buy interest in employee-controlled company); cl 15 and Sch 3 (restrictions on remittance basis); cl 16 (treatment of agency workers); cl 17 (recovery under PAYE regulations from certain company officers); cl 18 (employment intermediaries: information powers and related penalties); cl 20 (PAYE obligations of UK intermediary in cases involving non-UK employer); cl 21 (oil and gas workers on the continental shelf: operation of PAYE); cl 19 (payments by employer on account of tax where deduction not possible); cl 22 (threshold for benefit of loan to be treated as earnings); cl 23 (taxable benefits: cars, vans and related benefits); cl 24 (cars: the appropriate percentage); and cl 25 (cars and vans: payments for private use). The Committee sat again on Tuesday 6 May.

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