Finance Bill — Clause 1 — Report on Impact of Raising Tax Rate Applied to Income over £150,000 from 45% to 50%. — 8 Apr 2014 at 17:42
The majority of MPs voted against requiring a report on increasing the additional rate of income tax to 50%. At the time of the vote the additional rate was 45% and applied to income over £150,000
MPs were considering the Finance Bill. The amendment rejected in this vote was:
- Amendment 4, page 2, line 11, at end insert—
- ‘( ) The Chancellor of the Exchequer shall, within three months of the passing of this Act, publish a report on the impact of setting the additional rate of income tax at 50 per cent.
- ( ) The report must estimate the impact of setting the additional rate for 2014-15 at 45 per cent and at 50 per cent on the amount of income tax currently paid by someone with a taxable income of—
- (a) £150,000 per year; and
- (b) £1,000,000 per year.
This would have added the above new subclauses to clause 1 of the Bill.
-  Income Tax Rates - HM Revenue and Customs
-  Parliament's webpage on the Finance Bill 2014
-  Clause 1 of the Finance Bill 2014 as at the time of the vote
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||246 (+2 tell)||0||0||81.3%|
|Lab||0||211 (+2 tell)||0||82.6%|