Finance Bill — Schedule 8 — Financing of companies etc: transfer pricing and loan relationships — 13 Jun 2005 at 20:00
John Prescott MP, Kingston upon Hull East voted with the majority (No).
This division occurred on an amendment proposed by the Conservative front bench to the Finance Bill, which enacts the Budget provisions. The amendment affected Schedule 8 of the Bill which concerns the Transfer Pricing Rules that establish the tax liabilities of private equity finance companies. The Transfer Pricing Rules exist to stop abusive financing transactions whereby the prices for a transaction are set artificially.
The particular amendment was to restrict the application of the Transfer Pricing Rules where a UK company is taken over, so that the Rules only applied where the company that was taking over actually owned shares in the companies that were being taken over.
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||0||145 (+2 tell)||0||75.4%|
|Lab||283 (+2 tell)||0||0||80.5%|