Clause 7 — Increase in rate of supplementary charge
Planning (Green Belt Protection)
12:05 am
Malcolm Bruce (Gordon, Liberal Democrat)
I beg to move amendment 13, page 2, line 36, leave out ‘for “20%”
substitute “32%”’, and insert
‘after “a sum equal to 20% of its adjusted ring fence profits for that period”, insert “increasing by 1 per cent. for every $5 by which the reference hydrocarbon price exceeds $75 subject to a maximum rate of 32%”.’.