Budget Resolution 1 — Income Tax — Report on Possible Changes to Regime — 1 Nov 2018 at 16:48

The majority of MPs voted against a proposal to only charge income tax in 2019-20 if a report is produced on the effect of two possible changes to the income tax regime.

MPs were considering the following resolution:

• That income tax is charged for the tax year 2019-20.
• And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

The amendment rejected in this vote was:

• after “tax year 2019-20” insert
• “provided that the condition in paragraph (2) of this resolution is met.
• (2) The condition in this paragraph is that the Chancellor of the Exchequer has, no later than 5 April 2019, laid before the House of Commons a distributional analysis of—
• (a) the effect of reducing the threshold for the additional rate to £80,000, and
• (b) the effect of introducing a supplementary rate of income tax, charged at a rate of 50%, above a threshold of £125,000.

Debate in Parliament |