Finance Bill — Clause 203 — Use of Tax Schemes Which Impact Developing Countries by UK Companies — 17 Apr 2013 at 21:30
The majority of MPs voted against requiring the chancellor to consider a law which would mean UK companies would need to report their use of tax schemes which have an impact on developing countries; and for the government to notify relevant developing countries and assist with the collection of any tax due.
The aim of the clause appears to be to prompt the consideration of new laws to seek to ensure that UK companies do not use schemes which result in them avoiding paying tax in developing countries.
- in clause 203, page 120, line 9, at end add—
- (4) The Chancellor shall review the possibility of bringing forward a requirement for UK companies to report their use of tax schemes which have an impact on developing countries, including a review of the possibility of bringing forward proposals to require that when such schemes are identified under those rules, Her Majesty’s Government shall take steps to notify developing countries’ tax authorities and assist in the recovery of that tax. A copy of the report shall be placed in the House of Commons Library within six months of Royal Assent.’.
This would have added the above clause to the end of clause 203 (which appears on p118 of the Bill), titled "General anti-abuse rule".
-  Parliament's webpage on the Finance Bill (now the Finance Act 2013)
-  Finance Bill as introduced 28 March 2013
-  Clause 203 of the Finance Bill as introduced 28 March 2013
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||237 (+1 tell)||0||0||78.0%|
|Lab||0||210 (+2 tell)||0||82.5%|
|LDem||38 (+1 tell)||0||0||68.4%|