Social investment tax relief

Finance Bill – in a Public Bill Committee am 2:30 pm ar 17 Hydref 2017.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Amendment proposed: 20, in schedule 1, page 103, line 37, at end insert—

“10A After section 257TE (minor definitions etc), insert—

“257TF  Review of operation of this Part

(1) Prior to 30 June 2019, the Commissioners for Her Majesty’s Revenue and Customs shall complete a review of the operation of social investment tax relief.

(2) The review shall consider in particular—

(a) the effects of changes made to this Part by Schedule 1 to the Finance (No. 2) Act 2017, and

(b) the effectiveness of the anti-abuse provision.

(3) The Chancellor of the Exchequer shall lay a report of the review under this section before the House of Commons as soon as practicable after its completion.””—

This amendment would require HMRC to undertake a review of the operation of social investment tax relief, including the changes to it made by Schedule 1.

Question put, That the amendment be made.

The Committee divided:

Ayes 9, Noes 10.

Rhif adran 5 Seasonal Working — Social investment tax relief

Ie: 9 MPs

Na: 10 MPs

Ie: A-Z fesul cyfenw

Na: A-Z fesul cyfenw

Question accordingly negatived.

Schedule 1 agreed to.

Clause 16