Budget Resolutions 2005 — Corporation Tax (Charge and Rate for 2006) — 22 Mar 2005 at 18:35
Patrick McLoughlin MP, West Derbyshire 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 2005/06 - also unchanged from the previous year).
-  Motion on corporation tax, House of Commons, 22 March 2005
-  Finance Act 2004, Section 25
-  Finance Act 2005, Section 11
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||335 (+2 tell)||0||0||82.6%|
|SNP||0||3 (+2 tell)||0||100.0%|