Finance Bill — Second Reading — 12 Nov 2018 at 22:12
- Enabled Income Tax to be charged in 2019-20 and for Corporation Tax to be charged in 2020-21
- Left Income Tax rates to remain unchanged (Scotland has devolved powers)
- Increased the income thresholds for both starting to pay income tax, and for being charged income tax at the higher rate.
- Retained the 0% starting rate for savings income up to £5,000
- Removed liability to income tax arising from the provision of vehicle-battery charging facilities at workplaces.
- Reversed the effect of previous tax changes which increased tax liabilities for those taking emergency vehicles home and using them for commuting.
- Removed, when benchmark scale rates for subsistence are applied, a requirement for employers to check expenses receipts.
- Made non-UK resident companies subject to corporation tax (CT) on their gains from disposals of interests in UK land.
- Ensured business profits cannot be taken out of the charge to UK tax by arranging for them to be attributed to offshore persons or entities.
The motion supported by the majority of MPs in this vote was:
- That the Bill be now read a Second time.
support for the motion enabled the Bill to continue on its path to becoming law.
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 (Aye)||Minority (No)||Both||Turnout|
|Con||293 (+2 tell)||0||0||93.1%|
|Lab||0||228 (+2 tell)||0||88.5%|