Budget Resolutions — Corporation Tax (Charge And Rate For 2004) — 14 Apr 2003 at 23:04
Oliver Letwin MP, West Dorset did not vote.
Corporation tax is, very simply, a tax on the profits of a company resident in the UK. There is a main rate of corporation tax which applies to companies with profits of over £1.5 million per year. Companies qualify for the lower rate when their profits are at or below £300,000 per year (this 'small companies' corporation tax' rate was set at 19% for 2004/05 - also unchanged from the previous year).
-  Motion on corporation tax, House of Commons, 14 April 2003
-  Finance Act 2002, Section 30
-  Finance Act 2003, Section 134
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (Aye)||Minority (No)||Both||Turnout|
|Lab||294 (+2 tell)||0||0||72.2%|
|PC||0||2 (+1 tell)||0||75.0%|
|SNP||0||4 (+1 tell)||0||100.0%|