Procedure (Future Taxation) — Inclusion of Provisions Taking Effect in Future Years in the Finance Bill — 22 Mar 2016 at 18:23
Oliver Letwin MP, West Dorset voted to allow the Finance Bill to include provisions relating to specified matters taking effect in future years.
The majority of MPs taking part voted to allow the Finance Bill to include provisions relating to specified matters taking effect in future years.
The resolution supported by the majority of MPs was:
- That, notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills, any Finance Bill of the present Session may contain the following provisions taking effect in a future year—
- (a) provision about the basic rate limit for the purposes of income tax,
- (b) provision about personal allowances for the purposes of income tax,
- (c) provision restructuring income tax rates,
- (d) provision about taxable benefits in respect of cars,
- (e) provision about the tax treatment of payments from sporting testimonials which recognise the service of individuals who are or have been employed as professional sportspeople,
- (f) provision about the standard lifetime allowance under Part 4 of the Finance Act 2004,
- (g) provision for the purposes of income tax about finance-related expenses in connection with property businesses,
- (h) provision for corporation tax to be charged for the financial year 2017,
- (i) provision about the rate of corporation tax for the financial year 2020,
- (j) provision for and in connection with the abolition of relief under Chapter 7 of Part 13 of the Corporation Tax Act 2009,
- (k) provision for a relief, in the form of a lower rate of capital gains tax, in respect of disposals of certain ordinary shares in unlisted companies,
- (l) provision about inheritance tax,
- (m) provision for and in connection with the imposition of a new tax in respect of payments of earnings to or for the benefit of employed earners,
- (n) provision about climate change levy, and
- (o) provision amending the description of vehicles which are exempt vehicles for the purposes of the Vehicle Excise and Registration Act 1994
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|
|Con||289 (+2 tell)||0||0||88.2%|
|SNP||0||51 (+2 tell)||0||98.1%|