37. Annual tax on enveloped dwellings (annual chargeable amounts)

Amendment of the Law – in the House of Commons at 9:39 pm on 23rd March 2015.

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Resolved,

That—

(1) In section 99 of the Finance Act 2013 (amount of tax chargeable), in the table in subsection (4), for the last four entries substitute—

“£23,350 More than £2 million but not more than £5 million.
£54,450 More than £5 million but not more than £10 million.
£109,050 More than £10 million but not more than £20 million.
£218,200 More than £20 million.”

(2) The amendment made by this Resolution has effect for the chargeable period beginning on 1 April 2015 and, subject to section 101 of the Finance Act 2013, for subsequent chargeable periods.(3) Section 101(1) of the Finance Act 2013 does not apply in relation to the chargeable period beginning on 1 April 2015.(4) Accordingly, the Treasury is not required to make an order under section 101(5) of the Finance Act 2013 in respect of that period.

And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.