Reduction in Income Tax Rate Applying to Income Over £150,000 — 26 Mar 2012 at 22:28
George Osborne MP, Tatton voted to indicate support for a reduction in the additional rate of income tax, which applies to income over £150k, from 50% to 45%.
The majority of MPs voted to indicate support for a reduction in the additional rate of income tax, which applies to income over £150,000, from 50% to 45%.
The text of the motion which the majority of those MPs voting supported 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 about income tax taking effect in a future year—
- (a) provision that for the tax year 2013-14—
- (i) the basic rate is 20%,
- (ii) the higher rate is 40%, and
- (iii) the additional rate is 45%, and provision about other rates of income tax.
This was not a motion which effected a substantive change, it merely raised the prospect that a change may take place.
The additional rate of income tax, applying to income over £150,000 was set at 50% in 2011-12 and 2012-13.
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||270 (+1 tell)||0||0||88.6%|
|LDem||49 (+1 tell)||0||0||87.7%|
|SNP||0||4 (+2 tell)||0||100.0%|