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.