Session 2013 - 14
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Other Bills before Parliament


 
 

579

 

House of Commons

 
 

Tuesday 8 April 2014

 

Committee of the whole House

 

Proceedings

 

Finance (No. 2) Bill


 

(Clauses 1, 5 to 7, 11, 72 to 74 and 112; Schedule 1; any new Clauses, and any new Schedules,


 

relating to tax relief in connection with the costs of childcare, or income tax allowances for


 

parties to a marriage or civil partnership, or air passenger duty, or the rate of the bank levy,


 

or the subject matter of Clause 1, or the subject matter of Clauses 5 to 7 and Schedule 1.)


 

[FIRST DAY]


 

Ed Balls

 

Chris Leslie

 

Shabana Mahmood

 

Cathy Jamieson

 

Catherine McKinnell

 

Negatived on division  2

 

Clause  5,  page  3,  line  28,  at end insert—

 

‘( )    

The Chancellor of the Exchequer shall undertake a review, within six months of

 

the passing of this Act, on the impact of an additional cut of one per cent to the

 

main rate of Corporation Tax for financial year 2015-16, with particular reference

 

to—

 

(a)    

the impact on businesses with fewer than 50 employees;

 

(b)    

the impact on investment by businesses with fewer than 50 employees;

 

and

 

(c)    

alternative tax measures, including non-domestic rates, which would

 

have a greater benefit for businesses with fewer than 50 employees.

 

( )    

The Chancellor of the Exchequer must publish the report of the review and lay

 

the report before the House.’.

 

Member’s explanatory statement

 

This amendment would require the Chancellor of the Exchequer to publish a report on the impact

 

of a cut of one per cent to main rate Corporation Tax on businesses, including small and medium

 

sized enterprises (SMEs).

 

Clauses 5 to 7 Agreed to.

 

Schedule 1 Agreed to.

 



 
 

Committee of the whole House Proceedings: 8 April 2014      

580

 

Finance (No. 2) Bill, continued

 
 

New Clauses and New Schedules relating to the subject matter of

 

Clause 1

 

Report on increasing the additional rate of income tax to 50%

 

Jonathan Edwards

 

Mr Elfyn Llwyd

 

Hywel Williams

 

Pete Wishart

 

Angus Robertson

 

Dr Eilidh Whiteford

 

Mr Angus Brendan MacNeil

 

Negatived on division  NC4

 

To move the following Clause:—

 

‘(1)    

The Chancellor of the Exchequer shall make arrangements for conducting a

 

review of the impact of increasing the additional rate to 50%.

 

(2)    

The Secretary of State shall lay a copy of the report of the review mentioned in

 

subsection (1) before each House of Parliament within three months of the

 

passing of this Act.’.

 


 

Ed Balls

 

Chris Leslie

 

Shabana Mahmood

 

Cathy Jamieson

 

Catherine McKinnell

 

Negatived on division  4

 

Clause  1,  page  2,  line  11,  at end insert—

 

‘( )    

The Chancellor of the Exchequer shall, within three months of the passing of this

 

Act, publish a report on the impact of setting the additional rate of income tax at

 

50 per cent.

 

( )    

The report must estimate the impact of setting the additional rate for 2014-15 at

 

45 per cent and at 50 per cent on the amount of income tax currently paid by

 

someone with a taxable income of—

 

(a)    

£150,000 per year; and

 

(b)    

£1,000,000 per year.’.

 

Clause 1 Agreed to.

 



 
 

Committee of the whole House Proceedings: 8 April 2014      

581

 

Finance (No. 2) Bill, continued

 
 

NEW CLAUSES AND NEW SCHEDULES RELATING TO TAX RELIEF IN CONNECTION WITH

 

THE COSTS OF CHILDCARE

 

Childcare provision

 

Ed Balls

 

Chris Leslie

 

Shabana Mahmood

 

Cathy Jamieson

 

Catherine McKinnell

 

Negatived on division  NC1

 

To move the following Clause:—

 

‘(1)    

The Chancellor of the Exchequer must undertake a review of ways in which

 

changes to the tax and childcare systems could be used to increase the

 

affordability of childcare before April 2015, with particular reference to—

 

(a)    

the cost of childcare for parents in work; and

 

(b)    

the cost of childcare, including the impact of changes in the tax and

 

benefits system during this Parliament.

 

    

The Chancellor must publish the report of the review within six months of the

 

passing of this Act and lay the report before the House.’.

 

Progress reported


 
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