Hey there! Sign in to join this conversationNew here? Join for free

B978 – The Value Added Tax (Amendment) Bill 2016 (Second Reading) Watch

    • Wiki Support Team
    • Thread Starter
    Offline

    19
    ReputationRep:
    Wiki Support Team
    B978 – The Value Added Tax (Amendment) Bill 2016 (Second Reading), TSR Green Party
    A BILL TO

    Extend the lower rate of Value Added Tax



    BE IT ENACTED by The Queen's most Excellent Majesty, by and with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:-


    A. Definitions

    1. ‘Value Added Tax' shall mean that as defined in the Value Added Tax Act 1994, as amended.

    B. Extension of Lower Rate

    1. The lower rate of Value Added Tax shall be extended to the following items, where Value Added Tax applies presently:
    • a. Pedal Powered Bicycles
    • b. Insulation for houses, flats and other domestic dwellings
    • c, Repairs and renovation to houses, flats and other domestic dwellings, which shall include but not be limited to the replacement of windows, replacing damaged or missing roof tiling, repairs following flood, fire or other storm damage.
    2. Where any item of the above is zero rated as at 1 April 2016, this will remain so.

    C. Title and Implementation of Bill.

    1. This Bill shall be known as the Value Added Tax (Amendment) Bill 2016
    2. This Bill will take effect from 1 April 2017.


    Notes
    The Lower Rate of VAT currently applies to a number of items including energy bills and is 5%.

    Changes from First Reading

    1. Greater clarity as to repairs and renovation
    2. Revised definition of VAT
    3. Zero rating still applies where currently an item is so zero rated.
    • Political Ambassador
    Offline

    14
    ReputationRep:
    Political Ambassador
    No, the formatting is terrible, there should be an interpretations section to define words, the numbering system is wrong, B(2) is a lazy way of avoiding a more detailed bill by adding a small clause, and there is no costs for these changes give; the evil giant of idleness is alive in the TSR Lazy Party. A good bill on VAT would remove VAT on construction, reduce VAT on all renovations, make all cycle equipment VAT free, and have a system where home owners to claim back VAT on housing projects but large companies cannot.
    • Political Ambassador
    Online

    21
    ReputationRep:
    Political Ambassador
    (Original post by Nigel Farage MEP)
    No, the formatting is terrible, there should be an interpretations section to define words, the numbering system is wrong, B(2) is a lazy way of avoiding a more detailed bill by adding a small clause, and there is no costs for these changes give; the evil giant of idleness is alive in the TSR Lazy Party. A good bill on VAT would remove VAT on construction, reduce VAT on all renovations, make all cycle equipment VAT free, and have a system where home owners to claim back VAT on housing projects but large companies cannot.
    There is no B2 and there is a section definitions...

    Care to show us what you're reading?

    Posted from TSR Mobile
    Offline

    18
    (Original post by Jammy Duel)
    There is no B2 and there is a section definitions...

    Care to show us what you're reading?

    Posted from TSR Mobile
    There is a B2...
    Online

    20
    ReputationRep:
    I'm happy with this. Not the prettiest way of achieving the desired outcome, but a functional one. Aye.
    • Political Ambassador
    Offline

    14
    ReputationRep:
    Political Ambassador
    (Original post by Jammy Duel)
    There is no B2 and there is a section definitions...

    Care to show us what you're reading?

    Posted from TSR Mobile
    There is a B(2) in the bill; the definitions section should be at the end of the bill called interpretations which should include the definition of renovations.
    • Wiki Support Team
    Offline

    20
    ReputationRep:
    Wiki Support Team
    Lol, that's a sneaky and pretty lazy way of solving the bill's problems.

    An incredibly unenthusiastic 'Aye' though I can't promise I won't choose to abstain by the time this reaches Division.
    Online

    20
    ReputationRep:
    (Original post by Nigel Farage MEP)
    the definitions section should be at the end of the bill called interpretations which should include the definition of renovations.
    Nah. There is no hard and fast rule across legislation on the location of a 'definitions' section (although it will very rarely not be either at the beginning or the end). It's also fine to define particular terms, especially in the 'including but not limited to' form in sections themselves where those terms are only used within that section (although it is slightly unusual in a Bill this short).
    • Political Ambassador
    Offline

    14
    ReputationRep:
    Political Ambassador
    (Original post by TheDefiniteArticle)
    Nah. There is no hard and fast rule across legislation on the location of a 'definitions' section (although it will very rarely not be either at the beginning or the end). It's also fine to define particular terms, especially in the 'including but not limited to' form in sections themselves where those terms are only used within that section (although it is slightly unusual in a Bill this short).
    The definitions in the sections need to be in more detail, the numbering system cannot be defended, the formatting is not good, and after reading bills in the past the majority seem to put the interpretations section at the end.
    • Political Ambassador
    Offline

    16
    ReputationRep:
    Political Ambassador
    I'm not particularly passionate on the topic but aye.
    • Political Ambassador
    Online

    21
    ReputationRep:
    Political Ambassador
    (Original post by nebelbon)
    There is a B2...
    (Original post by Nigel Farage MEP)
    There is a B(2) in the bill, read the bill again; and the definitions section should be at the end of the bill called interpretations which should include the definition of renovations.
    The formatting tools appear not to work on the mobile app so there weren't the numbers on B
    Online

    20
    ReputationRep:
    (Original post by Nigel Farage MEP)
    The definitions in the sections need to be in more detail, the numbering system cannot be defended, the formatting is not good, and after reading bills in the past the majority seem to put the interpretations section at the end.
    I agree the formatting needs some work.
    Offline

    15
    ReputationRep:
    Nay. Cutting taxes is something I'm quite against, no matter how minor the costs.
    Offline

    19
    ReputationRep:
    Aye as you would expect. For the record I do not own a bike.
    • Political Ambassador
    Offline

    5
    ReputationRep:
    Political Ambassador
    Aye- my view goes compatible with yours, I think it's a great idea.
    • Wiki Support Team
    • Thread Starter
    Offline

    19
    ReputationRep:
    Wiki Support Team
    This bill is in cessation.
    • Wiki Support Team
    • Thread Starter
    Offline

    19
    ReputationRep:
    Wiki Support Team
    Division! Clear the lobbies!
 
 
 
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Updated: June 3, 2016
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Has a teacher ever helped you cheat?
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Write a reply...
    Reply
    Hide
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.