With this it will be convenient to discuss the following:
Government new clauses 5, 6 and 8.
Amendment 91, page 57, in clause 42, leave out lines 26 and 27.
Amendment 92, page 57, leave out lines 30 to 41.
Amendment 93, page 58, leave out from beginning of line 1 to end of line 37 on page 60 and insert—
“Graduated rates of duty payable on first vehicle licence
For the purpose of determining the rate at which vehicle excise duty is to be paid on each of the first three years of vehicle licence for a vehicle to which this Part of this Schedule applies, the annual rate of duty applicable to the vehicle shall be determined in accordance with the following table by reference to the applicable CO2 emissions figure.
| Table | ||||
| Carbon
Dioxide
emissions |
Rate |
|||
| (1) Exceeding g/km |
(2) Not exceeding g/km |
(3) First full year (£) |
(4) Second full year (£) |
(5) Third full year |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
50 |
10 |
10 |
10 |
| 50 |
75 |
25 |
25 |
25 |
| 75 |
90 |
100 |
100 |
100 |
| 90 |
100 |
120 |
120 |
120 |
| 100 |
110 |
140 |
140 |
140 |
| 110 |
130 |
160 |
160 |
160 |
| 130 |
150 |
200 |
200 |
200 |
| 150 |
170 |
500 |
500 |
500 |
| 170 |
190 |
800 |
800 |
800 |
| 190 |
225 |
1,200 |
1,200 |
1,200 |
| 225 |
255 |
1,700 |
1,700 |
1,700 |
| 255 |
- |
2,000 |
2,000 |
2,000 |
Rates of duty payable on any other vehicle licence
1GD For the purpose of determining the rate at which vehicle excise duty is to be paid on any other vehicle licence for a vehicle to which this Part of this Schedule applies, the annual rate of vehicle excise applicable to the vehicle shall be determined in accordance with the following table by reference to the applicable CO2 emissions figure.
| Table | ||
| Carbon
Dioxide
emissions |
Rate |
|
| (1) Exceeding g/km |
(2) Not exceeding g/km |
(3) Standard rate (£) |
| 0 |
0 |
20 |
| 0 |
50 |
40 |
| 50 |
75 |
60 |
| 75 |
90 |
80 |
| 90 |
100 |
100 |
| 100 |
110 |
120 |
| 110 |
130 |
140 |
| 130 |
150 |
160 |
| 150 |
170 |
180 |
| 170 |
190 |
200 |
| 190 |
225 |
220 |
| 225 |
255 |
240 |
| 255 |
- |
260” |
New clause 3—Tax treatment of private equity fund managers’ pay—
‘(1) The Chancellor of the Exchequer shall, within six months of the passing of this Act, publish and lay before the House of Commons a report setting out proposals for amending the law to ensure that no element of the remuneration paid to an investment fund manager may be treated as a capital gain, and that such remuneration shall be treated for tax purposes wholly as income.
(2) For the purposes of this section, an “investment fund manager” is a person who performs investment management services directly or indirectly.”
Government amendments 71 to 88 and 31 to 70.