Finance Bill — New Clause 1 — Non-Domiciled Individuals — Protection of Overseas Trusts — 31 Oct 2017 at 14:45
The majority of MPs voted not to undertake a review of the effects of protections for overseas trusts in relation to new provisions on the tax treatment of non-domiciled individuals.
MPs were considering the Finance Bill.
The proposed new clause rejected in this vote was titled: Deemed domicile: review of protection of overseas trusts and stated:
- ‘(1) Within fifteen months of the passing of this Act, the Commissioners for Her Majesty’s Revenue and Customs shall complete a review about the operation of the provisions for the protection of overseas trusts in relation to deemed domicile.
- (2) The review shall in particular consider—
- (a) the effects of those provisions on the Exchequer,
- (b) the behavioural effects of those provisions, and
- (c) the effects on the matters specified in paragraphs (a) and (b) if those provisions were repealed.
- (3) For the purposes of this section, “the provisions for the protection of overseas trusts” means the provisions inserted 18 to 38 and 40 of Schedule 8 to this Act.
- (4) The Chancellor of the Exchequer shall lay a report of the review under this section before the House of Commons within three months of its completion.’
The rejected new clause was accompanied by the following explanatory note:
- This new clause requires a review to be undertaken of the effects of the provisions for protecting overseas trusts from the new provisions in relation to deemed domicile.
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||301 (+2 tell)||0||0||95.6%|
|Lab||0||230 (+2 tell)||0||88.5%|