Procedure (Future Taxation: Rates of Income Tax)

– in the House of Commons at 10:28 pm on 26th March 2012.

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Votes in this debate

  • Division number 506
    A majority of MPs voted to indicate support for a reduction in the additional rate of income tax, which applies to income over £150k, from 50% to 45%.

Question put,

That, notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills, any Finance Bill of the present Session may contain the following provisions about income tax taking effect in a future year—

(a) provision that for the tax year 2013-14—

(i) the basic rate is 20%,

(ii) the higher rate is 40%, and

(iii) the additional rate is 45%, and

provision about other rates of income tax.

The House divided:

Ayes 319, Noes 22.

Division number 506 Reduction in Income Tax Rate Applying to Income Over £150,000

A majority of MPs voted to indicate support for a reduction in the additional rate of income tax, which applies to income over £150k, from 50% to 45%.

Aye: 319 MPs

No: 22 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Absent: 304 MPs

Absents: A-Z by last name

Question accordingly agreed to.