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Clause 1 — Main rate of corporation tax for financial year 2011

Part of Finance Bill – in the House of Commons at 6:15 pm on 12th July 2010.

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Photo of Sir David Amess Sir David Amess Conservative, Southend West 6:15 pm, 12th July 2010

With this it will be convenient to discuss the following:

Amendment 34, page 1, line 6, at end add-

'(2) Prior to this rate taking effect, the Chancellor will place in the Library of the House of Commons an assessment of the impact of this clause on the banking sector.'.

Amendment 50, page 1, line 6, at end add-

'(2) This section shall not come into force until the Treasury has laid before the House of Commons as assessment of the impact of this section on-

(a) the banking sector, and

(b) all other sectors to which corporation tax applies.'.

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