Finance Bill — Clause 42 — Rate of Corporation Tax for Financial Year 2020 — 28 Jun 2016 at 16:15
The majority of MPs voted to reduce the main rate of corporation tax for the financial year 2020 from 18% to 17%.
MPs were considering the Finance Bill.
The motion rejected by the majority of MPs in this vote was:
- That the clause stand part of the Bill.
The clause in question was Clause 42 which was titled Rate of corporation tax for financial year 2020 and stated:
- In section 7(2) of F(No.2)A 2015 (main rate of corporation tax for the financial year 2020) for “18%” substitute “17%”.
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 (Aye)||Minority (No)||Both||Turnout|
|Con||298 (+2 tell)||0||0||90.9%|
|Lab||0||194 (+2 tell)||0||84.8%|