Finance Bill — Review of Impact of 1 Percent Cut to the Main Rate of Corporation Tax — 25 Mar 2015 at 18:30
Jeremy Corbyn MP, Islington North voted to require a review of the impact of a one per cent to the main rate of Corporation Tax for 2016-17.
The majority of MPs voted against requiring a review of the impact of a one per cent to the main rate of Corporation Tax for 2016-17.
This vote followed shortly after a vote in which the main rate for Corporation Tax for 2016-17 was set at 20%, the same rate has it had been in 2015-16.
MPs were considering the Finance Bill.
The amendment rejected in this vote was:
- amendment 2, page 3, line 39, at end insert
- “(3) The Chancellor of the Exchequer shall undertake a review, within six months of the passing of this Act, of the impact of a cut of one per cent to the main rate of Corporation Tax for financial year 2016, 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.
- (4) The Chancellor of the Exchequer must publish the report of the review and lay the report before the House.”.
-  House of Commons vote, Corporation Tax 2016-17, 23 Mar 2015 via PublicWhip
-  Parliament's webpage on the Finance (No.2) Bill 2015 (now an Act)
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
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 (No)||Minority (Aye)||Both||Turnout|
|Con||268 (+2 tell)||0||0||89.1%|
|Lab||0||218 (+2 tell)||0||85.3%|