Finance Bill — Rate of Value Added Tax — 13 Jul 2010 at 20:15
The majority of MPs voted to increase Value Added Tax from 17.5% to 20% as of the 4th of January 2011.
The amendment voted on was proposed by Stewart Hosie, Scottish National Party MP for Dundee East. His amendment stated:
- I beg to move amendment 13, in page 2, line 7, leave out subsection (1).
The subsection he was seeking to be removed from the Bill stated:
- In section 2(1) of VATA 1994 (rate of VAT), for “17.5 per cent” substitute “20 per cent”.
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- [1] Finance Bill as at 1st July 2010 (Section 3 Rate of Value Added Tax)
- [2] Amendment sheet (Amendment in question is no. 13)
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