Finance Bill — 23 Apr 2001

I beg to move amendment No. 9, in page 12, line 31, at end insert--

'(4A) The first 250,000 tonnes of taxable output per taxable person in each accounting period shall be exempt from the levy; and for the purposes of this subsection, where a taxable person carries on business in partnership, that partnership shall be the taxable person for the purposes of the exemption.'.

Amendment, by leave, withdrawn.

Question proposed, That the clause stand part of the Bill.

It being Seven o'clock, The Temporary Chairman, pursuant to Orders [7 November and 9 April], put forthwith the Question already proposed from the Chair.

The Committee divided: Ayes 286, Noes 126.

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