Clause 107 — Abolition of SDRT on certain dealings in collective investment schemes

Finance Bill – in the House of Commons at 4:00 pm on 1 July 2014.

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Votes in this debate

Amendment proposed: 67, page 90, line 33, at end insert—

‘(5A) The Chancellor of the Exchequer shall, within six months of this Act receiving Royal Assent, publish and lay before the House of Commons a report setting out the impact of changes made to Schedule 19 of the Finance Act 1999 by this section.

(5B) The report referred to in subsection (5A) must in particular consider—

(a) the impact on tax revenues;

(b) the expected beneficiaries; and

(c) a distributional analysis of the beneficiaries.”—(Cathy Jamieson.)

Question put, That the amendment be made.

The House divided:

Ayes 231, Noes 296.

Division number 26 Finance Bill — Clause 107 — Abolition of SDRT on certain dealings in collective investment schemes

Aye: 231 MPs

No: 296 MPs

Aye: A-Z by last name

Tellers

No: A-Z by last name

Tellers

Question accordingly negatived.