Finance Bill — Clause 112 — Require Report Before Reforms to Bank Levy — 9 Apr 2014 at 18:13

The majority of MPs voted against requiring a report on the impact bank levy rates before reforming them.

MPs were considering the Finance Bill[1]. The amendment rejected in this vote was:

  • Amendment proposed: 1, in clause 112, page 94, line 1, at beginning insert—
  • ‘(1) Before bringing forward any further reform of the bank levy rates system, the Chancellor shall lay before Parliament a report considering the impact on the total receipts paid to the Exchequer since 2010 by—
  • (a) UK banking groups;
  • (b) building society groups;
  • (c) foreign banking groups; and
  • (d) relevant non-banking groups.
  • (2) The report will pay particular attention to receipts from—
  • (a) corporation tax;
  • (b) the bank levy; and
  • (c) bank payroll tax.
  • (3) A copy of the report in subsections (1) and (2) shall be laid before Parliament.’.

The Bank levy was introduced by Schedule 19 of the Finance Act 2011[1]; it raises a tax on banks based on their total applicable liabilities and equities[2].

Debate in Parliament | Source |

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Party Summary

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.

PartyMajority (No)Minority (Aye)BothTurnout
Alliance0 10100.0%
Con245 (+1 tell) 0080.7%
DUP0 3037.5%
Green0 10100.0%
Lab0 202 (+2 tell)079.1%
LDem41 (+1 tell) 0075.0%
PC0 30100.0%
SDLP0 2066.7%
SNP0 5083.3%
Total:286 217079.1%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

no rebellions

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