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Clause 3 — Small companies' rates and fractions for financial year 2007

Part of Orders of the Day – in the House of Commons at 10:00 pm on 25th June 2007.

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Photo of Michael Martin Michael Martin Chair, Speaker's Committee on the Electoral Commission, Speaker of the House of Commons 10:00 pm, 25th June 2007

With this it will be convenient to discuss the following amendments: No. 41, page 2, line 11, leave out from '20%' to end of line 12 and insert

'for companies with non-ring fenced profits employing fewer than five people, and

(b) 19% for companies with either ring fence profits or five or more employees.'.

No. 42, page 2, line 14, leave out from second 'profits' to 'fraction' in line 17 and insert:

'and companies employing fewer than five people and with non-ring fenced profits ("the smaller company fraction"), and

(b) 11/400ths in relation to ring-fence profits of companies and companies employing five or more people ("the standard'.