Commentary on Clauses
Section 1 Preparatory Expenditure
15.Subsections (1) and (2) would enable the Commissioners for Her Majesty’s Revenue and Customs, the Secretary of State and the Northern Ireland Department to incur expenditure for the purposes of preparing for the introduction of the Planning-gain Supplement. This would be a proposed tax on the increase in the value of land arising from the granting of planning permission in respect of that land.
16.Subsection 3 provides that the money would be paid out of monies provided by Parliament in the usual manner (and therefore subject to the annual supply procedure).
Section 2 Extent
17.This section provides the Act to have effect throughout the United Kingdom (as described in paragraph 13 above).
Section 3 Short title
18.This section provides for the Bill to be known as the “Planning-gain Supplement (Preparations) Act 2007”. It came into force at Royal Assent.
