Finance (No. 2) Bill — Clause 6 — Rate of Surcharge and Surcharge Allowance — Tax on Bank Profits — 1 Dec 2021 at 15:45
The majority of MPs voted to reduce tax on bank profits.
The motion supported by a majority of MPs in this vote was:
- That the clause stand part of the Bill.
The clause in question was Clause 6, titled: Rate of surcharge and surcharge allowance.
The clause reduced the rate of the additional tax on bank company profits from 8% to 3% and increased the amount of profits excluded from the tax from 25 to 100 million pounds.
-  Parliament's webpage on the Finance (No. 2) Bill, Parliament.uk
-  The Finance (No. 2) Bill (as introduced), 4 November 2021, Parliament.uk
-  Explanatory notes to the Finance (No. 2) Bill, Parliament.uk
-  Section 269DA of the Corporation Tax Act 2010, Legislation.gov.uk
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||298 (+2 tell)||0||0||83.1%|
|Lab||0||149 (+2 tell)||0||75.9%|