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Procedure (Future Taxation)

Volume 403: debated on Monday 14 April 2003

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That, notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills, any Finance Bill of the present Session may contain the following provisions taking effect in a future year—

  • (a) provision for corporation tax to be charged for the year 2004–05;
  • (b) provision relating to the lower threshold in section 139(4) of the Income Tax (Earnings and Pensions) Act 2003;
  • (c) provision about assets qualifying as business assets for the purposes of taper relief under Schedule A1 to the Taxation of Chargeable Gains Act 1992;
  • (d) provision about gains treated as arising under Chapter 2 of Part 13 of the Income and Corporation Taxes Act 1988;
  • (e) provision about the rate of landfill tax.