Surcharge on Banking Companies — Freedom to Amend Threshold and Rate — 2 Nov 2021 at 18:45
The majority of MPs voted to allow the amount of profits a banking company can make before those profits become subject to the "surcharge on banking companies", and the rate of that tax, to be changed, potentially via a Finance Bill.
The motion supported by a majority of MPs in this vote was:
- That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision taking effect in a future year may be made altering the percentage specified in section 269DA(1) of the Corporation Tax Act 2010 and amending Part 7A of that Act so as to alter the amount of the surcharge allowance.
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||312 (+2 tell)||0||0||86.7%|
|Lab||0||170 (+2 tell)||0||86.4%|