HC Deb 23 March 2004 vol 419 cc852-3

Queen's recommendation having been signified—

Resolved,

That, for the purposes of any Act of the present Session relating to finance ("the Act"), it is expedient to authorise—

  1. the deduction of sums from the gross revenues of the department of the Commissioners of Inland Revenue for the purpose of paying amounts in the implementation of—
    1. Article 14 of Council Directive 2003/48/EC of 3rd June 2003 on taxation of savings income in the form of interest payments, or
    2. any corresponding provision of arrangements made in relation to a territory other than a member State;
  2. the payment out of money provided by Parliament of any increase attributable to the Act in the sums paid out of the National Insurance Fund and the Northern Ireland National Insurance Fund under the Pension Schemes Act 1993 and the Pension Schemes (Northern Ireland) Act 1993;
  3. the payment out of money provided by Parliament of sums required by the Treasury and the Director of Savings to meet expenditure incurred with a view to securing—
    1. that the Treasury would be able to exercise their functions under sections 12 to 20A of (and Schedule 5A to) the National Loans Act 1968, and
    2. that the Director of Savings would be able to exercise his functions,
    if the United Kingdom were to adopt the single currency in accordance with the Treaty establishing the European Communities.

Bill ordered to be brought in upon the foregoing resolutions: And that the Chairman of Ways and Means, Mr. Chancellor of the Exchequer, Mr. Secretary Prescott, Mr. Secretary Blunkett, Mr. Secretary Reid. Mr. Secretary Smith, Ms Secretary Hewitt, Mr. Secretary Clarke, Mr. Paul Boateng, Ruth Kelly, John Healey and Dawn Primarolo.

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