Finance (No. 2) Bill — New Clause 27 — Review of Economic Crime (Anti-Money Laundering) Levy — 2 Feb 2022 at 18:00
The majority of MPs voted not to require a report on the impact of a tax on financial and other bodies to fund tackling economic crime and on the potential impact that a register of beneficial owners of overseas entities that own UK property might have on that scheme.
The proposed new clause rejected in this vote was titled: Review of Economic crime (anti-money laundering) levy and stated:
- (1) The Government must publish an impact assessment of the operation of the Economic crime (anti-money laundering) levy within six months of Royal Assent to this Act.
- (2) The assessment carried out under subsection (1) must include an assessment of the contribution to the effectiveness of the levy that a register of beneficial owners of property would make
The rejected new clause was accompanied by the following statement from its proposer:
- This new clause would require the Government to produce an impact assessment of the operation of the new Economic crime (anti-money laundering) levy, and assess how a register of beneficial owners of property would contribute to the effectiveness of the levy.
The motion rejected by the majority of MPs in this vote was:
- That the clause be added to the Bill.
-  Parliament's webpage on the Finance (No. 2) Bill, Parliament.uk
-  The Finance (No. 2) Bill (as amended in Committee), 11 January 2022, Parliament.uk
-  Explanatory notes to the Finance (No. 2) Bill, 4 November 2021, Parliament.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 (No)||Minority (Aye)||Both||Turnout|
|Con||294 (+2 tell)||1||0||82.3%|
|LDem||0||10 (+2 tell)||0||92.3%|
|Kevin Hollinrake||Thirsk and Malton||Con (front bench)||aye|