Finance Bill: Public Bill Committee 19 May 2011

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)