Clause 112 — Bank levy: rates from 1 January 2014

Oral Answers to Questions — Prime Minister – in the House of Commons at 6:13 pm on 9th April 2014.

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Votes in this debate

  • Division number 252
    A majority of MPs voted against requiring a report on the impact bank levy rates before reforming them.

Amendment proposed: 1, in clause 112, page 94, line 1, at beginning insert—

‘(1) Before bringing forward any further reform of the bank levy rates system, the Chancellor shall lay before Parliament a report considering the impact on the total receipts paid to the Exchequer since 2010 by—

(a) UK banking groups;

(b) building society groups;

(c) foreign banking groups; and

(d) relevant non-banking groups.

(2) The report will pay particular attention to receipts from—

(a) corporation tax;

(b) the bank levy; and

(c) bank payroll tax.

(3) A copy of the report in subsections (1) and (2) shall be laid before Parliament.’.—(Cathy Jamieson.)

Question put, That the amendment be made.

The Committee divided:

Ayes 217, Noes 286.

Division number 252 Finance Bill — Clause 112 — Require Report Before Reforms to Bank Levy

A majority of MPs voted against requiring a report on the impact bank levy rates before reforming them.

Aye: 217 MPs

No: 286 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Absent: 143 MPs

Absents: A-Z by last name

Question accordingly negatived.

Clause 112 ordered to stand part of the Bill.