Budget Resolutions and Economic Situation — 45. Ring fence profits — 15 Mar 1999

Resolved,

That provision may be made in relation to stamp duty and stamp duty reserve tax.

Resolved,

That provision may be made about persons carrying on activities which fall within any of paragraphs (a) to (c) of subsection (1) of section 492 of the Income and Corporation Taxes Act 1988.

46. Petroleum revenue tax (allowable expenditure)

Resolved,

That provision may be made restricting the expenditure that is allowable for the purposes of petroleum revenue tax.

47. Petroleum revenue tax (assessments)

Resolved,

That provision may be made about the times when an assessment may be made to petroleum revenue tax.

48. Landfill tax

Motion made, and Question put,

(2) This Resolution has effect in relation to taxable disposals made, or treated as made, on or after 1st April 1999.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

The House divided: Ayes 350, Noes 142.

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