Finance Bill — Clause 5 — Changing the Law on Taxation of Payments In Connection with Termination of Employment — 11 Oct 2017 at 15:00
The majority of MPs voted to allow regulations, rather than an Act of Parliament, to be used to amend an element of the law on the taxation of payments made in connection with the termination of employment.
MPs were considering the Finance Bill.
The amendment rejected in this vote was:
- Amendment 1, page 12, leave out lines 8 to 12.
The lines in question were proposed new additions to the Income Tax (Earnings and Pensions) Act 2003 relating to taxation of payments made in connection with the termination of employment:
- (9)The Treasury may by regulations amend this section for the purpose of altering the meaning of “basic pay”.
- (10)A statutory instrument containing regulations under subsection (9)may not be made unless a draft of it has been laid before, and approved by a resolution of, the House of Commons.
The rejected amendment was accompanied by the following explanatory statement:
- This amendment removes the power for the Treasury to amend the meaning of “basic pay” for the purposes of calculating “post-employment notice pay” by regulations.
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||300 (+2 tell)||0||0||95.3%|
|Lab||0||229 (+2 tell)||0||88.2%|